option  
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option - a contract which conveys to its owner, the holder, the right, but not the obligation, to buy or sell a specific quantity of an underlying asset or instrument at a specified strike price on or before a specified date

2 fair sided die are rolled. How many ways can the dice be rolled to sum exactly 6?
2 fair sided die are rolled. How many ways can the dice be rolled to sum exactly 6? [URL='https://www.mathcelebrity.com/2dice.php?gl=1&pl=6&opdice=1&rolist=+2%2C3%2C9%2C10&dby=2%2C3%2C5&ndby=4%2C5&montect=+100']Using our 2 dice calculator[/URL], we get the following options: [LIST] [*]2,4 [*]3,3 [*]4,2 [*]1,5 [*]5,1 [/LIST] The probability of rolling a sum of 6 is [B]5/36[/B]

A coin is tossed 3 times. a. Draw a tree diagram and list the sample space that shows all the possib
A coin is tossed 3 times. a. Draw a tree diagram and list the sample space that shows all the possible outcomes [URL='https://www.mathcelebrity.com/cointoss.php?hts=+HTHTHH&hct=+2&tct=+1&fct=+5>=no+more+than&nmnl=+2&htpick=heads&tossct=3&montect=3&calc=5&pl=Calculate+Probability']type in "toss a coin 3 times" and pick the probability option[/URL].

A motorist pays $4.75 per day in tolls to travel to work. He also has the option to buy a monthly pa
A motorist pays $4.75 per day in tolls to travel to work. He also has the option to buy a monthly pass for $80. How many days must he work (i.e. pass through the toll) in order to break even? Let the number of days be d. Break even means both costs are equal. We want to find when: 4.75d = 80 To solve for d, we [URL='https://www.mathcelebrity.com/1unk.php?num=4.75d%3D80&pl=Solve']type this equation into our search engine[/URL] and we get: d = 16.84 days We round up to an even [B]17 days[/B].

A restaurant offers the following options: Starter – soup or salad Main – chicken, fish or vegetar
A restaurant offers the following options: [LIST] [*]Starter – soup or salad [*]Main – chicken, fish or vegetarian [*]Dessert – ice cream or cake [/LIST] How many possible different combinations of starter, main and dessert are there? Using the fundamental rule of counting, we have: 2 starters * 3 main courses * 2 desserts = [B]12 different combinations [MEDIA=youtube]-N9j7FQ8Le4[/MEDIA][/B]

A salesperson works 40 hours per week at a job where he has two options for being paid. Option A is
A salesperson works 40 hours per week at a job where he has two options for being paid. Option A is an hourly wage of $24. Option B is a commission rate of 4% on weekly sales. How much does he need to sell this week to earn the same amount with the two options? Option A payment function: 24h With a 40 hour week, we have: 24 * 40 = 960 Option B payment function with sales amount (s): 0.04s We want to know the amount of sales (s) where Option A at 40 hours = Option B. So we set both equal to each other: 0.04s = 960 To solve this equation for s, we [URL='https://www.mathcelebrity.com/1unk.php?num=0.04s%3D960&pl=Solve']type it in our math engine[/URL] and we get: s = [B]24,000[/B]

A television sells for $750. Instead of paying the total amount at the time of the purchase, the sam
A television sells for $750. Instead of paying the total amount at the time of the purchase, the same television can be bought by paying $100 down and $50 a month for 14 months. How much is saved by paying the total amount at the time of the purchase? Option 2: 100 + 50(14) 100 + 700 800 800 - 750 = [B]$50 saved [MEDIA=youtube]XAixLxvelcg[/MEDIA][/B]

A three digit number, if the digits are unique
A three digit number, if the digits are unique [LIST=1] [*]For our first digit, we can start with anything but 0. So we have 9 options [*]For our second digit, we can use anything but 9 since we want to be unique. So we have 9 options [*]For our last digit, we can use anything but the first and second digit. So we have 10 - 2 = 8 options [/LIST] Our total 3 digit numbers with all digits unique is found by the fundamental rule of counting: 9 * 9 * 8 = [B]648 possible 3 digit numbers[/B]

Ali needs to make a total of 90 deliveries this week. So far he has completed 72 of them. What perce
Ali needs to make a total of 90 deliveries this week. So far he has completed 72 of them. What percentage of his total deliveries has Ali completed [URL='https://www.mathcelebrity.com/perc.php?num=72&den=90&pcheck=1&num1=16&pct1=80&pct2=70&den1=80&idpct1=10&hltype=1&idpct2=90&pct=82&decimal=+65.236&astart=12&aend=20&wp1=20&wp2=30&pl=Calculate']Enter 72/90 into our search engine and choose the percentage option[/URL] and we get [B]80%[/B].

Amara currently sells televisions for company A at a salary of $17,000 plus a $100 commission for ea
Amara currently sells televisions for company A at a salary of $17,000 plus a $100 commission for each television she sells. Company B offers her a position with a salary of $29,000 plus a $20 commission for each television she sells. How many televisions would Amara need to sell for the options to be equal? Let the number of tv's be t. Set up the salary function S(t): S(t) = Commision * tv's sold + Salary Company A: S(t) = 100t + 17,000 Company B: S(t) = 20t + 29,000 The problem asks for how many tv's it takes to make both company salaries equal. So we set the S(t) functions equal to each other: 100t + 17000 = 20t + 29000 [URL='https://www.mathcelebrity.com/1unk.php?num=100t%2B17000%3D20t%2B29000&pl=Solve']Type this equation into our search engine[/URL] and we get: t = [B]150[/B]

Arithmetic and Geometric and Harmonic Sequences
Free Arithmetic and Geometric and Harmonic Sequences Calculator - This will take an arithmetic series or geometric series or harmonic series, and an optional amount (n), and determine the following information about the sequence
1) Explicit Formula
2) The remaining terms of the sequence up to (n)
3) The sum of the first (n) terms of the sequence Also known as arithmetic sequence, geometric sequence, and harmonic sequence

Basic Statistics
Free Basic Statistics Calculator - Given a number set, and an optional probability set, this calculates the following statistical items:
Expected Value
Mean = μ
Variance = σ2
Standard Deviation = σ
Standard Error of the Mean
Skewness
Mid-Range
Average Deviation (Mean Absolute Deviation)
Median
Mode
Range
Pearsons Skewness Coefficients
Entropy
Upper Quartile (hinge) (75th Percentile)
Lower Quartile (hinge) (25th Percentile)
InnerQuartile Range
Inner Fences (Lower Inner Fence and Upper Inner Fence)
Outer Fences (Lower Outer Fence and Upper Outer Fence)
Suspect Outliers
Highly Suspect Outliers
Stem and Leaf Plot
Ranked Data Set
Central Tendency Items such as Harmonic Mean and Geometric Mean and Mid-Range
Root Mean Square
Weighted Average (Weighted Mean)
Frequency Distribution
Successive Ratio

Binomial Option Pricing Model
Free Binomial Option Pricing Model Calculator - This shows all 2t scenarios for a stock option price on a binomial tree using (u) as an uptick percentage and (d) as a downtick percentage

Black-Scholes
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.

Caleb has a complicated and difficult research paper due soon. What should he do to keep from feelin
Caleb has a complicated and difficult research paper due soon. What should he do to keep from feeling overwhelmed and procrastinating? A. work on the paper every day but save the bulk of the work for the night before it's due B. break down the paper into several small steps and start with the smallest one C. write down the deadline for the paper where he can see it every day so he doesn't forget D. work on the hardest parts of the paper first and take multiple breaks until he's finished Caleb wants to avoid both overwhelm and procrastination. Let's review each option: [LIST] [*]A is out because saving a majority of the work will cause overwhelm [U]and[/U] demonstrates procrastination [*]B is a good option as small steps reduce overwhelm [*]C looks nice on paper, but will he follow through with seeing the deadline everyday? [*]D is a good option as well. Finishing the tough parts first makes the rest of the journey seem like a downhill cruise [/LIST] Based on these, I'd take [B]B or D[/B]

Calls-Puts-Option Δ
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.

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

Edna plans to treat her boyfriend Curt to dinner for his birthday. The costs of their date options a
Edna plans to treat her boyfriend Curt to dinner for his birthday. The costs of their date options are listed next to each possible choice. Edna plans to allow Curt to choose whether they will eat Mexican food ($25), Chinese food ($15), or Italian food ($30). Next, they will go bowling ($20), go to the movies ($30) or go to a museum ($10). Edna also is deciding between a new wallet ($12) and a cell phone case ($20) as possible gift options for Curt. What is the maximum cost of this date? Edna has 3 phases of the date: [LIST=1] [*]Dinner [*]Event after dinner [*]Gift Option [/LIST] In order to calculate the maximum cost of the date, we take the maximum cost option of all 3 date phases: [LIST=1] [*]Dinner - Max price is Italian food at $30 [*]Event after dinner - Max price is movies at $30 [*]Gift Option - Max price option is the cell phone cast at $20 [/LIST] Add all those up, we get: $30 + $30 + $20 = [B]$80[/B]

Lucas is offered either 15% or $21 off his total shopping bill. How much would have to be spent to m
Lucas is offered either 15% or $21 off his total shopping bill. How much would have to be spent to make the 15% option the best one? Let the total bill be b. We have: 0.15b > 21 <-- Since 15% is 0.15 Using our [URL='http://www.mathcelebrity.com/interval-notation-calculator.php?num=0.15b%3E21&pl=Show+Interval+Notation']inequality calculator[/URL], we get [B]b>140[/B]. So any bill greater than $140 will make the 15% off option the best one, since the discount will be higher than $21.

My rent was 800.00 a month. My landlord raised my rent to 1,240.00. What percentage did he raise m
My rent was 800.00 a month. My landlord raised my rent to 1,240.00. What percentage did he raise my rent?. First, calculate the difference between the old and new rent: Difference = 1,240 - 800 = 440 Percentage increase = 440/800 [URL='https://www.mathcelebrity.com/perc.php?num=440&den=800&pcheck=1&num1=16&pct1=80&pct2=70&den1=80&idpct1=10&hltype=1&idpct2=90&pct=82&decimal=+65.236&astart=12&aend=20&wp1=20&wp2=30&pl=Calculate']Type 440/800 into the search engine, and choose the percent option[/URL] You get [B]55%[/B] increase.

PI
Free PI Calculator - This calculator performs operations with PI and gives you other options for π related calculations.

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

Put Options and Call 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.
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]

Sports Pool Generator
Free Sports Pool Generator Calculator - This generator produces the following two sports (office) pools with shuffled scoring numbers (0 - 9):
1) Blank Sports Pool: This button generates a blank sports pool grid with shuffled numbers
2) Sports Pool with Names: This sports pool allows you to enter up to 100 names which will be randomly dropped into the blank grid boxes from Option 1 above.

This is easily copied and pasted into a program like Microsoft Word so that you can format it to your liking.

What is the slope of the line through (1,9) and (5,3)
What is the slope of the line through (1,9) and (5,3) [URL='https://www.mathcelebrity.com/slope.php?xone=1&yone=9&slope=+2%2F5&xtwo=5&ytwo=3&pl=You+entered+2+points']We run this through our slope calculator[/URL], and get an initial slope of 6/4. But this is not in simplest form. So we type 6/4 into our calculator, and s[URL='https://www.mathcelebrity.com/fraction.php?frac1=6%2F4&frac2=3%2F8&pl=Simplify']elect the simplify option[/URL]. We get [B]3/2[/B]

When Esteban left for college, his parents decided to give him an allowance of $100 every 4 weeks. T
When Esteban left for college, his parents decided to give him an allowance of $100 every 4 weeks. They told Esteban that he could decide how he wanted raises to his allowance determined. Choice #1 - A raise of $10 every 4 weeks Choice #2 - A raise of $1.50 each week What choice should Esteban pick? Choice 1: [LIST] [*]First 4 weeks = $100 [*]Weeks 5 - 8 = $110 [*]Weeks -9-12 = $120 [*]Total = $330 [/LIST] Choice 2: [LIST] [*]1st week = $25 [*]2nd week = $26.50 [*]3rd week = $28 [*]4th week - $29.50 [*]5th week = $31.00 [*]6th week = $32.50 [*]7th week = $34.00 [*]8th week = $35.50 [*]9th week = $37.00 [*]10th week = $38.50 [*]11th week = $40.00 [*]12th week = $41.50 [*]Total = [B]$399[/B] [/LIST] [B]Choice 2 is the better option[/B]

Which of the following is equivalent to 9^3/4?
Which of the following is equivalent to 9^3/4? a) 9^1/3 b) 9 ^ 1/4 c) sqrt(3) d) 3 * sqrt(3) Since 9 is 3^2, we have 3^(3*2/4) which is 3^6/4 Since 6/4 is 3/2, we have: 3^(3/2) Since 3/2 is 1 + 1/2, we have: 3^1*sqrt(3) [B]3*sqrt(3) or option D. [MEDIA=youtube]Uq544xLphiM[/MEDIA][/B]

You have $250,000 in an IRA (Individual Retirement Account) at the time you retire. You have the op
You have $250,000 in an IRA (Individual Retirement Account) at the time you retire. You have the option of investing this money in two funds: Fund A pays 5.4% annually and Fund B pays 7.9% annually. How should you divide your money between fund Fund A and Fund B to produce an annual interest income of $14,750? You should invest $______in Fund A and $___________in Fund B. Equation is x(.079) + (250,000 - x).054 = 14,750 .025x + 13,500 = 14,750 .025x = 1,250 [B]x = 50,000 for Fund A[/B] So at 5.4%, we have 250,000 - 50,000 = [B]200,000[/B] for the other fund B.