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Introduction to Financial Mathematics
Essay specific features
Written by:
Carol S
Date added:
May 11, 2015
Level:
University
Grade:
B
No of pages / words:
13 / 3549
Was viewed:
2037 times
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Essay content:
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3. Differential Equations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Lecture Notes ? MAP 5601 map5601LecNotes.tex i 8/27/2003
1. Finite Probability Spaces
The toss of a coin or the roll of a die results in a finite number of possible outcomes...
displayed 300 characters
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For a coin we
might denote this sample space by {H, T} and for the die {1, 2, 3, 4, 5, 6}. More generally
any convenient symbols may be used to represent outcomes. Along with the sample space
we also specify a probability function, or measure, of the likelihood of each outcome. If
the coin is a fair coin, then heads and tails are equally likely...
displayed 300 characters
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