Fill in the blanks. Optionshouse.com tracked the performance of their most active day traders and found that the probability of a winning call option pick was 0.51. If in a day, 487 call options are picked by these traders, around __________ of them will be winners, give or take __________. Assume each pick is independent.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Fill in the blanks. Optionshouse.com tracked the performance of their most active day traders and found that the
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