Suppose that a point X1 is chosen from the uniform distribution on the interval 0, 1 , and that after the value X1 X1 is observed, a point X2 is chosen from a uniform distribution on the interval X1, 1 Suppose further that additional variables X3, X4, are generated in the same way In general, for j...

For any given value x n1 of X n1 EX n x n1 will be the ...

Suppose that a point X1 is chosen from the uniform distribution on the interval [0, 1], and

Question:

Suppose that a point X1 is chosen from the uniform on the interval [0, 1], and that after the value X1 = X1 is observed, a point X2 is chosen from a uniform on the interval [X1, 1]. Suppose further that additional variables X3, X4, . . . are generated in the same way. In general, for j = 1, 2, . . . , after the value Xj = xj has been observed, Xj+1 is chosen from a uniform on the interval [xj , 1].Find the value of E(Xn).
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...