Question: Suppose (X) is a Bernoulli random variable with (operatorname{Pr}(X=1)=p). a. Show (Eleft(X^{3} ight)=p). b. Show (Eleft(X^{k} ight)=p) for (k>0). c. Suppose that (p=0.3). Compute the
Suppose \(X\) is a Bernoulli random variable with \(\operatorname{Pr}(X=1)=p\).
a. Show \(E\left(X^{3}\right)=p\).
b. Show \(E\left(X^{k}\right)=p\) for \(k>0\).
c. Suppose that \(p=0.3\). Compute the mean, variance, skewness, and kurtosis of \(X\).
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