Solution

ID: past-exam-of-the-probability-statistics-and-options-ii-course-of-the-university-of-oxford/2010/b/b2/e/solution

There are choices for the translation. Choose the columns of an invertible matrix successively: the first is any nonzero column, the second avoids its span, and at stage one avoids a -dimensional span of size . Consequently
The successive linear independence conditions are exactly the criterion that the columns form a basis.

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