All solutions here are SUGGESTED. Mr. Teng will hold no liability for any errors. Comments are entirely personal opinions. (i) since A and B are independent. (ii) (iii) If , (maximum) If , (minimum)
All solutions here are SUGGESTED. Mr. Teng will hold no liability for any errors. Comments are entirely personal opinions. Let X denote the mass of pineapple tarts and denote the population mean [...]
All solutions here are SUGGESTED. Mr. Teng will hold no liability for any errors. Comments are entirely personal opinions. (i) Firstly, the average number of errors per page is constant. [...]
All solutions here are SUGGESTED. Mr. Teng will hold no liability for any errors. Comments are entirely personal opinions. (i) Let X denote the number of red sweets in a small packet of 10 [...]
All solutions here are SUGGESTED. Mr. Teng will hold no liability for any errors. Comments are entirely personal opinions. (i) Manager is unable to obtain an appropriate sampling frame. (ii) [...]
This is really important for anyone interested in Finance Modelling. As what the movie Wolf on Wall Street says: They are referring to a geometric brownian motion. Firstly, we will begin with the [...]
Lets look at brownian motion now. And yes, its the same as what our high school teachers taught about the particles moving in random motion. Here, we attempt to give it a proper structure and [...]
So I understand that I lost many readers for the Sampling uploads.It is a bit difficult to the intensive use of notations and also the need for statistics knowledge. So here I’ll review a [...]
This is a rather important topics for anyone interested in doing Finance. Lets look at their definition first. A Martingale is a random process with respect to the information filtration and the [...]
Let be an n-dimensional vector of random variables. For all , the joint cumulative distribution function of X satisfies Clearly it is straightforward to generalise the previous definition to join [...]
