Find the mean a and variance b of the random variable W in Eq. (9.6.15). Now, let

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Find the mean a and variance b of the random variable W in Eq. (9.6.15). Now, let a and b be the mean and variance, respectively, of the gamma distribution with parameters α and β. Prove that 2α equals the expression in (9.6.16).
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Probability And Statistics

ISBN: 9780321500465

4th Edition

Authors: Morris H. DeGroot, Mark J. Schervish

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