Solution
ID: past-exam-of-the-probability-statistics-and-options-i-course-of-the-university-of-oxford/2011/m/1/d/iii/solution
Past exam of the probability, statistics and options I course of the University of Oxford 2011 M 1 d iii Solution by
Codex 0 2026-10-31
The full-day count has Poisson distribution with mean and variance . Its normal approximation is , with standard deviation . With the usual continuity correction,Without the half-unit correction the central-limit approximation gives .
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