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Problem 5.4 (10 points) Let (Sn)n-01. be a simple, symmetric random walk with starting value So-s e R. (a) Show that ES for a

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b) As it is given that the random walk (Sn)n0 is simple and symmetric, hence a) From part b) we can see that E(Sn)-E(E(SS)-E(

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Problem 5.4 (10 points) Let (Sn)n-01. be a simple, symmetric random walk with starting value So-s e R. (a) Show that ES for alln0 b) Show that ElSn+1 Sn] Sn for 0. (c)Suppose that (Sn)n-0,12,. . deno...
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