Consider the binomial experiment with the probability of success p, 0 < p < 1. We let

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Consider the binomial experiment with the probability of success p, 0 < p < 1. We let Nk denote the number of successes after k independent trials. Define the discrete process Yk by Nk − kp, the excess number of successes above the mean kp. Show that Yk is a martingale.

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