Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. (a) (4 points) Let X Gamma(,). Use moment generating functions to show that the moment coefficient of skewness of X is 3(X) = 2

2. (a) (4 points) Let X Gamma(,). Use moment generating functions to show that the moment coefficient of skewness of X is 3(X) = 2 . Hint: You can look up the MGF for the gamma distribution in the book. (b) (2 points) Draw graphs of the gamma density for = 0.1, 1, 2, 10, 100 and = 1/. These are five different densities with the same mean and with varying degrees of positive skewness. Label the graph of each density with its skewness. (c) (2 points) Give an example of a density with mean equal to one and neg- ative skewness. How does the graph of this density compare with the posi- tively skewed gamma densities in part (b)? My final point about skewness for this week is that the moment coefficient of skewness of a random observation does not depend on the units of measurement. For example, let C be a temperature measured in degrees celsius, and let F = 59 C + 32 be the equivalent temperature in degrees Fahrenheit. The two random variables C and F have the same skewness

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Measure Theory

Authors: Carlos S Kubrusly

1st Edition

3319225065, 9783319225067

More Books

Students also viewed these Mathematics questions