9.9 Let Sn = n i=1 Xi, where Xis are i.i.d. Uniform(0, 1) random variables. Define the

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9.9 Let Sn = n i=1 Xi, where Xi’s are i.i.d. Uniform(0, 1) random variables.

Define the stochastic process Nt = sup{n ∈ N | Sn ≤ n}.

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