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11-27-2011 09:28 AM
#1
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Last edited by frjd2; 11-29-2011 at 07:45 AM. | |
12-30-2011 12:56 AM
#2
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It seems like it might be possible to model using the binomial distribution if p tends towards 0, otherwise the shape is wrong Binomial distribution - Wikipedia, the free encyclopedia. | |
Last edited by Nakamura; 12-30-2011 at 12:59 AM. | |
01-05-2012 07:14 PM
#3
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Poisson won't work here if you define multiple outcomes as 1st 2nd or 3rd. Either you want Binomial where success is defined as finishing ITM (shape is irrelevant) or Multinomial where the three events are 1st, 2nd, 3rd. | |
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