A binomial tree is a graphical representation of possible intrinsic values that an option may take at different nodes or time periods.

This note sketches a biological context for the negative binomial distribution, gives some of the many equivalent mathematical notations that have been used for the negative binomial probabilities, ...

What Is the Difference Between the Binomial Distribution and the Multinomial Distribution? Simply put, a multinomial distribution has several possible discrete outcomes.

The binomial distribution is a way to test the probability that a particular outcome will result in a particular number of trials when we know the underlying probability of an event. For example, the ...

A follow-up investigation to that given by Clark and Perry (1989, Biometrics 45, 309-316) is presented, giving details for maximum likelihood estimation for the dispersion parameter from a negative ...