A Software Bug in a Trading Program at the ________Stock

question 14

Short Answer

A software bug in a trading program at the ________Stock Exchange caused a securities firm to lose $225 million in 2005.

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Definitions:

Variance

A measure of the dispersion or spread of a set of data points, indicating how much the data deviate from their mean.

Random Variable

A variable that can take on numerical results stemming from a random event.

Poisson Random Variable

A variable that represents the number of events occurring in a fixed interval of time or space, under conditions of a constant mean rate and independence.

Discrete Random Variable

A variable that can take on a countable number of distinct values, often used to model scenarios where outcomes are distinct.