Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4 A random variable Y has probability density function f(y) = ae - Sy, y>b, where a, b are positive constants. The moment generating function

image text in transcribed

4 A random variable Y has probability density function f(y) = ae - Sy, y>b, where a, b are positive constants. The moment generating function of Y is denoted by My(t). (i) Write down the bounds of the integration required to calculate My(t). [1] (ii) Identify which one of the following options gives the correct expression for My(t). [2] A1 e-(1-5) a 1-51 -(1-50) a A2 b 1-51 A3 -(S-16 ae b 5-1 e-(5-1) A4 a 5-1 (iii) Write down the condition on t for My(t) to be finite. [1] (iv) Determine an expression giving the constant a in terms of b, using your answer for My(t) from part (ii). [3] [Total 7] 4 A random variable Y has probability density function f(y) = ae - Sy, y>b, where a, b are positive constants. The moment generating function of Y is denoted by My(t). (i) Write down the bounds of the integration required to calculate My(t). [1] (ii) Identify which one of the following options gives the correct expression for My(t). [2] A1 e-(1-5) a 1-51 -(1-50) a A2 b 1-51 A3 -(S-16 ae b 5-1 e-(5-1) A4 a 5-1 (iii) Write down the condition on t for My(t) to be finite. [1] (iv) Determine an expression giving the constant a in terms of b, using your answer for My(t) from part (ii). [3] [Total 7]

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

ISE Business Accounting

Authors: Frank Wood, Alan Sangster

8th Edition

0273638408, 9780273638407

More Books

Students also viewed these Accounting questions

Question

Who responds to your customers complaint letters?

Answered: 1 week ago

Question

Under what circumstances do your customers write complaint letters?

Answered: 1 week ago