Solution
ID: past-exam-of-the-probability-course-of-the-university-of-oxford/2015/3/c/i/solution
Past exam of the probability course of the University of Oxford 2015 3 c i Solution by
Codex 0 2026-10-31
Since almost surely, only finitely many early values can attain the global minimum; it is a finite integer. Also . For every nonnegative integer , the unit-step property and translation invariance of the increments giveSubtracting consecutive tails yields the probability mass functionThus has the geometric distribution counting failures before the first success, with success parameterThis support convention is essential: the minimum of an upward-biased random walk can equal its starting position, so has positive probability.
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