Suppose that X1 and X2 form a random sample of two observed values from the exponential distribution with parameter Show that X1 (X1 X2) has the uniform distribution on the interval 0, 1 ...

Since X 1 and X 2 each have the gamma distribution wi ...

Suppose that X1 and X2 form a random sample of two observed values from the exponential distribution

Question:

Suppose that X1 and X2 form a random sample of two observed values from the exponential with parameter β. Show that X1/(X1 + X2) has the uniform on the interval [0, 1].
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...