(Requires mathematical statistics.) Showing (4.8). Suppose that n/N 0 as n, so that the fpc can...

Question:

(Requires mathematical statistics.) Showing (4.8). Suppose that n/N †’ 0 as n†’ˆž, so that the fpc can be ignored. The central limit theorem tells us that under regularity conditions,

Where L denotes convergence in distribution. Show that the limiting distribution of

has mean 0 and variance

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...