As a generalization of the previous exercise, let X1,... ,Xn be iid with pdf Let X(1) a-1

Question:

As a generalization of the previous exercise, let X1,... ,Xn be iid with pdf

Let X(1) <..... x be the order statistics. show that ... and xn are mutually independent random variables. find distribution of each them.>

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...