Correct. And there's a lot of other assumptions. I did make a specific note that it was a simplified and illustrative example. And yes, in the real world I'd warn about being careful when making i.i.d. assumptions, since these assumptions are made far more than people realize.
Correct. And there's a lot of other assumptions. I did make a specific note that it was a simplified and illustrative example. And yes, in the real world I'd warn about being careful when making i.i.d. assumptions, since these assumptions are made far more than people realize.