() Briefly explain how moment generating function of a random variable, y may be used to Generate its moments. (ii) Let the random variable, y have probability density function kye 1/2y, y 20 , elsewhere S(1) = Where k> 0 is a constant. Find the moment generating function of y and use it to evaluate the mean and variance o v leaving vour reculte in t

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
Section13.2: Expected Value And Variance Of Continuous Random Variables
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(b) (i) Briefly explain how moment generating function of a random variable, y may be used to
Generate its moments.
(ii) Let the random variable, y have probability density function
S(t) =
kye-1/2y
y20
, elsewhere
Where k> 0 is a constant.
Find the moment generating function of y and use it to evaluate the mean and variance of
y leaving your results in terms of k.
Transcribed Image Text:(b) (i) Briefly explain how moment generating function of a random variable, y may be used to Generate its moments. (ii) Let the random variable, y have probability density function S(t) = kye-1/2y y20 , elsewhere Where k> 0 is a constant. Find the moment generating function of y and use it to evaluate the mean and variance of y leaving your results in terms of k.
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