IAI May 2007 Q6

Discussion in 'CT3' started by Parul Aggarwal, May 16, 2013.

  1. In Qs 6(c) I have found the skewness using moments but i'm not getting 1 as the answer (actually acc. to solutions ans should be 1.4142 as they are using variance instead of S.D).
    I got E(X)=1, E(X^2)=3/2, E(X^3)=3 so skewness= 1/2
    Also by multiplying coefficient of skewness (given in tables) by S.D^3 I'm getting 1/2.

    what am I doing wrong?

    Also, I want to know is the formula skewness=(mean-mode)/S.D valid only for gamma distribution or for all the distributions.
     

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