The longest run of Ss in the 10 trial sequence SSFSSSSFFS has length 4, corresponding to the
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a. When p = 0.5, the 16 possible outcomes are equally likely. Determine the probability distribution of y in this case (first list all outcomes and the y value for each one). Then calculate µ y.
b. Repeat Part (a) for the case p = 0.6. Distribution
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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