# Let X 1 , . . . , X n be an i.i.d. Bernoulli sequence with parameter p. (a) Find

## Question:

Let X_{1}, . . . , X_{n} be an i.i.d. Bernoulli sequence with parameter p.

(a) Find the conditional distribution of X_{1 }given X_{1} + · · · + X_{n} = k.

(b) Find E[X_{1}|X_{1} + · · · + X_{n} = k] and V[X_{1}|X_{1} + · · · + X_{n} = k].

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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**4**Section: Exercises

Problem: 52

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