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Solve the following: Let X1, X2, ... be iid. random variables with a continuous distribution function. Let E; be the event that a record occurs

Solve the following:
Let X1, X2, ... be iid. random variables with a continuous distribution function. Let E; be the event that a record occurs at time n. That is E1 = 0 and En = {Xn > Xm, Vm

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