Gamma Distribution Moment Generating Function (Mgf)
The moment generating function (MGF) of the gamma distribution, denoted as (M_X(t)), is given by (M_X(t) = \left(1 – \frac{t}{\beta}\right)^{-\alpha}), where (t) is the variable, (\alpha) is the shape parameter, and (\beta) is the rate parameter. The MGF captures the complete probabilistic information about the random variable following the gamma distribution. It enables the derivation…