To do this project, you should understand the following terms and concepts (do background research to fill in any gaps in your knowledge): 1  binary (base 2), 2  decimal (base 10), 3  hexadecimal (base 16), 4  bit, byte, kilobyte (kB), megabtye (MB), 5  radix (number base).
Sampling distribution. In statistics, a sampling distribution or finite-sample distribution is the probability distribution of a given statistic based on a random sample. Sampling distributions are important in statistics because they provide a major simplification en route to statistical inference.
The lognormal distribution is used to model continuous random quantities when the. distribution is believed to be skewed, such as certain income and lifetime variables. Distribution. 1. Use the change of variables theorem to show that the probability density function of the lognormal distribution.