Question: Many named distributions are special cases of the more common distributions already discussed. For each of the following named distributions derive the form of the pdf, verify that it is a pdf, and calculate the mean and variance.
- IfX~exponential(β), then
has the Weibull (γ,β) distribution, where
is constant.
(c)If X~gamma(a, b),then
has the inverted gamma IG(a, b) distribution.
(This distribution is useful in Bayesian estimation of variances; see Exercise7.23 below)
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