Consider the probability space ((, A, P), and let A1,..., An be independent events with P(Ak) =

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Consider the probability space ((, A, P), and let A1,..., An be independent events with P(Ak) = p, k = 1, ..., n. Next, define the function X : ( → ( as follows:
X(() = the number of A1,..., An containing (.
Then show that
(i) X is a r.v.
(ii) The distribution of X is B(n, p) (i.e., Binomial with parameters n and p)?
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...
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