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mba 522 binomial with TI BA II plus

# mba 522 binomial with TI BA II plus - have set it to...

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Two Ways to use TI BA II Plus to perform binomial calculations I use my TI BA II Plus calculator (recommended in the syllabus to be purchased for this course and your MBA program). I put everything in straight through and come up with an answer for the binomial distribution. Let’s consider the case where: n = 10, p = 0.3, and x = 4. Here is how I punch in the figures in my calculator to solve for 0.2001 In explaining the steps, I will use the following: x means multiplication key divide means division key 2nd means the second function key which says 2ND on it y to x means the "y raised to the power of x" key Here are the steps to follow and keys to punch to compute 0.2001 shown at the bottom of page 205: 10 2nd x divide 4 2nd x divide 6 2nd x = (at this point you should have 210 on your display) Let's continue: x ( .3 y to x 4 ) x ( .7 y to x 6 ) = At this point you should have 0.2001 on your calculator display if you

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Unformatted text preview: have set it to display up to 4 decimal points. This would only work if you have TI BA II plus. Other models and manufacturers may require different key strokes to get the same result. Hope this is helpful to those who have purchased the recommended calculator. Others must consult their user's manuals. Alternate method to calculate. The first term in the binomial equation calculates a combination. The calculator has a key to calculate combinations. Here is how you could reduce the number of key strokes by letting the calculator calculate the first term in the binomial equation: 10 2 nd + 4 = at this point, the calculator shows the answer to the first term. x ( 0.3 y to x button 4 ) x ( 0.7 y to x button 6 ) = Dr. J....
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mba 522 binomial with TI BA II plus - have set it to...

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