Hi David,
Apologies if this question is non-sensible or has been asked already (please tag a link if this question has been asked) but I just started preparing for an exam and I have one question so I know what to expect when I am learning it. Integration and calculus sort of questions as far as...
This explores the answer to Miller's sample question in Chapter 6 of Mathematics and Statistics for Financial Risk Management. There are three types of managers: Out-performers (MO), in-line performers (MI) and under-performers (MU). The prior probability that a manager is an outperformer is...
Hello,
i have the following question:
1. The joint probability for two independent events is defined as: P(A and B)=P(A)xP(B)
2. Why is not P(High=20%)xP(Increase=40%)=P(Increase and High=10%).
Or should it be and only the example is wrong?
Can anybody explain it please?
I wish all...
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