Examlex
Currency futures are very similar to forward contracts, except that they are standardized and are more appropriate for firms that prefer to hedge in smaller amounts.
Probability
Estimating the chances of an occurrence happening.
Classical Method
A traditional approach in statistical hypothesis testing where conclusions are drawn based on probability calculations and assumptions.
Probability
A notation of the chances an event will transpire, marked on a scale from 0 to 1.
Independent Events
Multiple events where the happening of one does not influence the likelihood of the other events happening.
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