12. Given a random variable with moments up to order N, demonstrate that the collections of moments...

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12. Given a random variable with moments up to order N, demonstrate that the collections of moments and central moments can each be derived from the other. Specifically, using properties of expectations, show that for naN:

(a) mn ¼

Pn j¼0ð1Þnj n j



m0jmnj (Hint: Use the binomial theorem.)

(b) m0n

¼

Pn j¼0 n

j



mjmnj (Hint: X ¼ ½X  m þ m.)

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