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SCENARIO 5-10 Subscribers to Investment Advice White Letters Perform Security Transactions at Transactions

Question 79

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SCENARIO 5-10
Subscribers to Investment Advice White Letters perform security transactions at the rate of five trades
per month. Assume that one of the subscribers performs transactions at this rate and the probability
of a transaction for any two months is the same and the number of transactions in one month is
independent of the number of transactions in another month.
-Referring to Scenario 5-10, what is variance of the number of transactions per month for this
subscriber?

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