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Please help answer this question: Recall that thekthmoment of a random variable is defined asE(Xk). Aside from the method of moments, what other applications are
Please help answer this question:
Recall that thekthmoment of a random variable is defined asE(Xk). Aside from the method of moments, what other applications are there for moments and how would you use them? For example, the first moment,E(X)is simply the mean, and we use it to measure the centre of a distribution.
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