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Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501 Exercise 32
Suppose X is a Bernoulli random variable with P ( X = 1) = p.
a. Show E ( X 3 ) = p.
b. Show E ( X k ) = p for k 0.
c. Suppose that p = 0.3. Compute the mean, variance, skewness, and kurtosis of X.
a. Show E ( X 3 ) = p.
b. Show E ( X k ) = p for k 0.
c. Suppose that p = 0.3. Compute the mean, variance, skewness, and kurtosis of X.
Explanation
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a.
To show that
The general formula f...
Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
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