Let continuous variables X 1 , . . . ,X k be independently distributed according to the

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Let continuous variables X1, . . . ,Xk be independently distributed according to the same probability density function f(x). Prove that the density function for max{X1, . . . ,Xk} is given by kf(x)(F(x))k−1, where F is the cumulative distribution for f.

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...
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