Let X1, X2, X3 denote a random sample of size n = 3 from a distribution with

Question:

Let X1, X2, X3 denote a random sample of size n = 3 from a with the geometric pmf

(a) Compute P(X1 = 1, X2 = 3, X3 = 1).
(b) Determine P(X1 + X2 + X3 = 5).
(c) If Y equals the maximum of X1, X2, X3, find P(Y ‰¤ 2) = P(X1 ‰¤ 2)P(X2 ‰¤ 2)P(X3 ‰¤ 2)

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...