Draw 100 random samples from a binomial distribution, each based on 10 trials with probability of success
Question:
Figure 4.5 (a):
The binomial distribution for various values of p when n = 10
(a) n = 10, p = .05
SIMULATION
An attractive feature of modern statistical packages such as MINITAB, Excel, or R is the ability to use the computer to simulate random variables on the computer and to compare the characteristics of the observed samples with the theoretical properties of the random variables.
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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