Explore the binomial tree model's use in option pricing, its workings, and examples. Learn how this model estimates intrinsic ...

The problem of finding confidence intervals for the success parameter of a binomial experiment has a long history, and a myriad of procedures have been developed. Most exploit the duality between ...

When you visit the above site and click "Start" ... ... " Basic Probability" (probability basis) is displayed as "Chapter 1 (Chapter 1)". There are three items for ...

This section describes the probability distributions available in the RELIABILITY procedure for probability plotting and parameter estimation. Refer to Lawless (1982, p. 240) for a description of the ...

We present a simple algorithm that computes the convolution of Poisson, negative binomial, and geometric distributions. We show that a certain infinite-server queue in a random facility repair ...