2.7. Y is a random variable with mY = 0, sY = 1, skewness = 0, and...

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2.7. Y is a random variable with mY = 0, sY = 1, skewness = 0, and kurtosis = 100. Sketch a hypothetical probability distribution of Y.

Explain why n random variables drawn from this distribution might have some large outliers.

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Introduction To Econometrics

ISBN: 9781292071367

3rd Global Edition

Authors: James Stock, Mark Watson

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