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5 cards from this section. Quick, good the night before a test.
Define a moment in your own words.
What does it help us understand about a graph?
What is the first moment and what does it signify?
What is an average?
What is the first moment also known as?
It's what you often find as the average.
The variance measures what aspect of a distribution?
Think about how tight or loose the data is around the average.
A certain dataset has its second raw moment equal to 20 and the first moment equal to 5. Calculate the variance from these values.
Remember the variance formula and consider interpreting the results.
If the MGF of a random variable is given as M(t) = e^(2t + t^2), find the variance.
Differentiate the MGF stepwise to derive moments at t=0.
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