An approximation for negative binomial sums involving a minimum of arithmetic is presented. Because of the relationship between negative binomial sums and regular binomial sums the approximation can ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

This C++ code implements an approximation of prices of options in the Black-Scholes model with a binomial model. It is part of my assignment while taking the MSc in Mathematical Finance program at ...

Personality measurement is based on the idea that values on an unobservable latent variable determine the distribution of answers on a manifest response scale. Typically, it is assumed in the Item ...

Abstract: The binomial distribution is a well-known approximation to the distance spectra of many classes of codes. We derive a lower estimate for the deviation from the binomial approximation. > ...

If the probability that a randomly selected person will vote in the next election is 0.39, how would we find the probability that more than half of the people in a sample of 1000 will vote? Since the ...