Inequalities involving moments of a continuous random variable defined over a finite interval
type: Item
instance of: scholarly article
title: Inequalities involving moments of a continuous random variable defined over a finite interval
zbMATH Open document ID: 1063.60020
publication date: 2005-03-08T00:00:00Z
review text: The aim of this paper is to obtain alternative estimations for the moments of a continuous random variable whose probability distribution is a convex function on the interval of real numbers. Korkine's identity and integral inequalities of Hölder and Grüss are the main technical tools used to derive inequalities involving higher moments, special means and moment evaluation of beta distributions. These results have direct applications in insurance problems, where the insurer's payment on a given contract or group of contracts follows a mixture of compound probability distribution.
reviewed by: Neculai Curteanu
Mathematics Subject Classification ID: 60E15
Mathematics Subject Classification ID: 26D10
Mathematics Subject Classification ID: 91B30
zbMATH DE Number: 2142460
zbMATH Keywords: moment estimation
zbMATH Keywords: Korkine identity
zbMATH Keywords: Grüss integral inequality
zbMATH Keywords: Hölder inequality
zbMATH Keywords: special means
zbMATH Keywords: beta distribution
zbMATH Keywords: insurance problem
author: Pranesh Kumar
MaRDI profile type: MaRDI publication profile
full work available at URL: j.camwa.2003.02.014
OpenAlex ID: W1978426251
cites work: Q4518465
cites work: Some inequalities for the dispersion of a random variable whose pdf is defined on a finite interval
cites work: Q4533408
cites work: Q5287501
cites work: On new estimation of the remainder in generalized Taylor's formula
cites work: On trapezoid inequality via a Grüss type result and applications
cites work: Convex functions, partial orderings, and statistical applications
cites work: Q4771177
DOI: 10.1016/J.CAMWA.2003.02.014
published in: Computers & Mathematics with Applications
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description: scientific article; zbMATH DE number 2142460