Question: Truncated variable exercise. Econometrics. a) Assume a distribution z ~ EN(, ), which is truncated at the point 4.605. It is known that E[z/ z

Truncated variable exercise. Econometrics.

a) Assume a distribution z ~ EN(, ), which is truncated at the point 4.605. It is known that E[z/ z > ] 4.605 = 4.956 and the degree of truncation is 5%. Calculate and .

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