Free Black-Scholes Calculator - Calculates the call or put option value of a stock based on inputs related to the option using Black Scholes method.

Free Calls-Puts-Option Δ Calculator - Calculates the call price, put price, and option Δ based on an option under the risk neutral scenario with a 1 year term.

Free Cox-Ross-Rubenstein Pricing Calculator - Using the Cox-Ross-Rubenstein method, this calculates the call price and put price of an option.

Free Put Call Parity Calculator - This solve for any of the 6 items in the put call parity for European options

Free Put Options and Call Options Calculator - Shows the basics of a call option and put option including intrinsic value, extrinsic value, and in/out/at the money

Sara has a box of candies. In the box there are 8 pink candies, 7 purple candies and 5 blue candies. She takes one candy and records its color. She then puts it back in the box and draws another candy. What is the probability of taking out a pink candy followed by a blue candy? [B][U]Calculate the total number of candies:[/U][/B] Total candies = Pink + Purple + Blue Total candies = 8 + 7 + 5 Total candies = 20 [B][U]Calculate the probability of drawing one pink candy:[/U][/B] P(Pink) = 8/20 Using our [URL='https://www.mathcelebrity.com/fraction.php?frac1=8%2F20&frac2=3%2F8&pl=Simplify']fraction reduction calculator[/URL], we get: P(Pink) = 2/5 [B][U]Calculate the probability of drawing one blue candy:[/U][/B] P(Blue) = 5/20 <-- [I]20 options since Sara replaced her first draw[/I] Using our [URL='https://www.mathcelebrity.com/fraction.php?frac1=5%2F20&frac2=3%2F8&pl=Simplify']fraction reduction calculator[/URL], we get: P(Blue) = 1/4 The problem asks for the probability of a Pink followed by a Blue. Since each event is independent, we multiply: P(Pink, Blue) = P(Pink) * P(Blue) P(Pink, Blue) = 2/5 * 1/4 P(Pink, Blue) = 2/20 Using our [URL='https://www.mathcelebrity.com/fraction.php?frac1=2%2F20&frac2=3%2F8&pl=Simplify']fraction reduction calculator[/URL], we get: P(Pink, Blue) = [B]1/10 or 10%[/B]