The binomial distribution is an important discrete distribution. It gives the probability of the number of "successes," in a sequence of n independent binary trials. This applet allows users to drag ...

the binomial model has a broader range of applications. The binomial model provides a multi-period view of the underlying asset price as well as the price of the option. In contrast to the Black ...

The binomial transform is a transformation that takes a sequence as an input and gives another sequence as an output according to a certain rule. As an example, we have that the binomial transform of ...