Question
Download Solution PDFIf the value of the first four raw moments is 2, 4, 5 and 6, respectively. then the value of the fourth central moment is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 14
Key Points
The raw moments (or moments about the origin) and the central moments (or moments about the mean) are two different ways of characterizing a probability distribution. The raw moments are calculated at about 0, while the central moments are calculated at about the mean.
The first four raw moments of a distribution, as you specified, are given as 2, 4, 5, and 6 respectively. These tell us about the mean, variance, skewness, and kurtosis of the distribution respectively.
The first raw moment is the mean (µ) of the distribution. So, in this case, the mean is 2.
The second, third, and fourth central moments are given by:
- Second central moment (σ2) = μ2 - μ12
- Third central moment = μ3 - 3μ1μ2 + 2μ13
- Fourth central moment = μ4 - 4μ1μ3 + 6μ12μ2 - 3μ14
Substitutiong the given information μ1=2, μ2=4, μ3=5, and μ4=6;
Now we can substitute these into the formula to find the fourth central moment:
Fourth Central Moment =
Hence, the value of the fourth central moment is 14.
Last updated on Jul 8, 2025
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