Question: Excel has a function, BINOM.DIST, for the binomial probability distribution. This function computes the probability of drawing x successes in n independent trials when the

Excel has a function, BINOM.DIST, for the binomial probability distribution. This function computes the probability of drawing x successes in n independent trials when the probability of drawing a success is p. Do you see a role for the binomial distribution in finance? Do any of the problems in the problem set for this chapter strike you as directly relating to the binomial distribution, and if so which one or ones? In answering this question, do not change any of your previous answers.

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