Compute the third standardized moment of the beta distribution with parameters 3 and 5.
Generate a random sample of size 100000 drawn from the above distribution and compute the third standardized moment.
Create a beta-distributed random variable Y and compute the third standardized moment of 1/(Y+2).
Verify this using simulation.
Compute the average standardized moment of a weighted data set.
Consider the following Matrix data set.
We compute fourth standardized moment of each of the columns.