Suppose that X1, , Xn form a random sample from the beta distribution with parameters and , where the value of is known and the value of is unknown ( 0) Show that the following statistic T is a sufficient statistic for 7...

It follows from Exercise 11 and Exercise 2 ...

Suppose that X1, . . . , Xn form a random sample from the beta distribution with

Question:

Suppose that X1, . . . , Xn form a random sample from the beta with parameters Î± and Î², where the value of Î± is known and the value of Î² is unknown (Î² > 0).
Show that the following statistic T is a sufficient statistic for Î²:

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...