Consider flipping a fair coin, what is the expected number of flips that is needed to have

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Consider flipping a fair coin, what is the expected number of flips that is needed to have three heads. Write a simulation program to confirm the result.

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An Introduction to the Mathematics of Financial Derivatives

ISBN: 978-0123846822

3rd edition

Authors: Ali Hirsa, Salih N. Neftci

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Question Posted: Apr 29, 2016 03:42 PM

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Consider flipping a fair coin, what is the expected number of flips that is needed to have

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From the knowledge about geometric distribution w...View the full answer

An Introduction to the Mathematics of Financial Derivatives

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