Let X1,..., Xn be iid random variables with continuous cdf Fx, and suppose EXi = p. Define

Question:

Let X1,..., Xn be iid random variables with continuous cdf Fx, and suppose EXi = p. Define the random variables Y1,..., Yn by

Find the distribution of ˆ‘ni = 1 Yi.

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...