How many assumptions are made to find probabilistic event
How many assumptions are made to find a taxi?
Expert
For such problem the evident assumptions to make are:1. Taxi numbers are harshly positive integers2. Numbering starts with 13. No one number is repeated4. Number is not skipped.
Unfocused Books is a discount retail bookshop that has three departments: fiction, non-fiction and children’s books. Sales and cost of sales for each department are shown below. In addition, each department has its own fixed costs for staffing and takes a one-third share of rental and management cos
Explain the tool of Green’s functions in Quantitative Finance.
You are trying to save to buy a new $150,000 Ferrari. You have $40,000 today that can be invested at your bank. The bank pays 5.5% annual interest rate on its accounts. How long will it be before you have enough to buy the car?
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How can we approximately calculate expected incremental cash flows for a proposed capital budgeting project?
Explain identical distributions required or not in the central limit theorem.
A CD/$ bank trader is at present quoting a small figure bid-ask of 35-40, while the rest of the market is trading at CD1.3436-CD1.3441. What is implied regarding the trader's beliefs by his prices?The trader have to think the Canadian dollar wi
Illustrates an example of measure of risk aversion?
Explain the term Value at Risk.
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