This example intends to answer the following question - what is the probability of getting 3 cards with red hearts and two other cards when 5 cards are drawn from a deck? ...... note that the probability of this particular scenario can be derived using the hyper-geometric distribution which is shown below.
See Examples below;
Standard Deviation and Mean
Lotto Number Generator >
Playing Card Probability >
Normal Distribution Random Number Generator >
Monte Carlo Integration >
Black-Scholes Option Pricing Model - European Call and Put >
Binomial Option Pricing Model >
Portfolio Optimization >
Multiple Regression >
Bootstrap - A Non-Parametric Approach >
Multivariate Standard Normal Probability Distribution >
Monte Carlo Simulation >
Option Greeks Based on Black-Scholes Option Pricing Model.
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