If I choose a random alphabet from (a-z), $26$ characters, what is the entropy?
Shannon's formula:
$$H = - \sum p \log_2(p) = - (1/26)\log_2(1/26) = 0.18$$ bits.
However, other formulas on the Internet use:
$$H = \log_2 (N^L) = \log_2(26) = 4.7$$
bits.
Which one is correct?