In probability theory, a log-normal (or lognormal) distribution is a continuous probability distribution of a random variable whose logarithm is normally distributed. Thus, if the random variable X is log-normally distributed, then Y = ln(X) has a normal distribution. Equivalently, if Y has a normal distribution, then the exponential function of Y, X = exp(Y), has a log-normal distribution. A random variable which is log-normally distributed takes only positive real values. It is a convenient and useful model for measurements in exact and engineering sciences, as well as medicine, economics and other topics (e.g., energies, concentrations, lengths, prices of financial instruments, and other metrics).
Overview of parameterizations of the log-normal distributions.
Fitted cumulative log-normal distribution to annually maximum 1-day rainfalls, see distribution fitting
In mathematics, the logarithm is the inverse function to exponentiation. That means that the logarithm of a number x to the base b is the exponent to which b must be raised to produce x. For example, since 1000 = 103, the logarithm base of 1000 is 3, or log10 (1000) = 3. The logarithm of x to base b is denoted as logb (x), or without parentheses, logb x. When the base is clear from the context or is irrelevant, such as in big O notation, it is sometimes written log x.
The logarithm keys (LOG for base 10 and LN for base e) on a TI-83 Plus graphing calculator
A nautilus shell displaying a logarithmic spiral