We let the random variable Xn be a binomial process Where each Bi is independent and is

Question:

We let the random variable Xn be a binomial process

Where each Bi is independent and is distributed according to

(a) Calculate the probabilities P(X4 > k) for k 0, 1, 2, 4 and plot the distribution function.(b) Calculate the expected value and the variance of Xn for n =3.

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...