This is an addendum to problem where a stick of length 1


This is an addendum to Problem where a stick of length 1 was repeatedly randomly broken in the sense that the remaining piece each time was U(0, Y )-distributed, where Y was the (random) previous length. Let Yn denote the remaining piece after the stick has been broken n times, and set Fn = σ{Yk, k ≤ n}.

(a) Compute E(Yn|Fn-1).

(b) Adjust Yn in order for (a suitable) {(Xn, Fn), n ≥ 0} to become a martingale.

(c) Does Xn converge almost surely? In L1?

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Basic Statistics: This is an addendum to problem where a stick of length 1
Reference No:- TGS02625840

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