Prove the identity for the negative binomial distribution given in Theorem 3.6.8, part (b).
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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...
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The proof is similar to that of part a of Theorem 368 For X ...View the full answer
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