If you had done ST9, the solution is familiar territory, however when doing the question I was not sure how technical I should be so I ddnt write about probability distributions or MC.
But retrospectively, a standard ST9 question and If I remember well it's been asked before in ST9 with a similar solution. See;- ST9 September 2010, question 7 part (I).
Last edited by a moderator: Jan 7, 2015