Question: 7.3.2 A fundamental identity involving the renewal function, valid for all renewal processes, is See equation (7.7). Evaluate the left side and verify the identity

7.3.2 A fundamental identity involving the renewal function, valid for all renewal processes, is

E[WND+1] =E[X](M(t)+1).

See equation (7.7). Evaluate the left side and verify the identity when the renewal counting process is a Poisson process.

E[WND+1] =E[X](M(t)+1).

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