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This example intends to answer the following question - what is the probability of getting 3 cards with red hearts and two other cards when 5 cards are drawn from a deck? ...... note that the probability of this particular scenario can be derived using the hyper-geometric distribution which is shown below.
See Examples below;
Standard Deviation and Mean
>
Lotto Number Generator
>
Playing Card
Probability
>
Normal Distribution Random Number Generator
>
Monte Carlo Integration
>
Black-Scholes Option Pricing Model - European Call and Put
>
Binomial Option
Pricing Model
>
Portfolio Optimization
>
Multiple Regression
>
Bootstrap - A
Non-Parametric Approach
>
Multivariate Standard Normal Probability Distribution
>
Monte Carlo Simulation
>
Option Greeks Based on Black-Scholes Option Pricing Model.
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