The formula of ... than finding the mean value of grouped data. Grouped data is when a dataset is divided into class intervals. Mean for grouped data can be calculated using direct method, assumed ...

Abstract: A quasi-analytical pricing method for arithmetic Asian option is presented based on an approximate relation between the geometric and arithmetic average of the log-normal random variables.

In this paper, we propose a new interval SE model that is based on the relative distance measure (RDM) arithmetic. In the proposed model ... transformed into dual inequality linear equations using the ...