The normal approximation to the binomial test with and without a continuity correction is evaluated in terms of control of Type I errors and power. The normal ...

An earlier article [1] presented two formulas for approximating the upper binomial confidence limit p̄ from a sample of size n with c "defectives" drawn randomly from an infinite population with ...

We introduce a decoupling method for the approximation of lognormal stock price processes using multivariate binomial trees and compare it with standard multivariate approaches. The advantages of the ...