Question
Assume the random variable X has a binomial distribution with the given probability of obtaining a success. Find the following probability, given the number of
Assume the random variable X has a binomial distribution with the given probability of obtaining a success. Find the following probability, given the number of trials and the probability of obtaining a success. Round your answer to four decimal places.
P(X<5), n=6, p=0.7
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
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