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Probability and Stochastic Modeling

Probability and Stochastic Modeling

Paperback

Technology & EngineeringProbability & Statistics

ISBN10: 0367380943
ISBN13: 9780367380946
Publisher: CRC Press
Published: Sep 23 2019
Pages: 508
Weight: 1.89
Height: 1.00 Width: 7.00 Depth: 10.00
Language: English

This book not only covers all the topics found in a traditional introductory probability course, but also emphasizes stochastic modeling, including Markov chains, birth-death processes, and reliability models. Unlike most undergraduate-level probability texts, the book also focuses on increasingly important areas, such as martingales, classification of dependency structures, and risk evaluation. Numerous examples, exercises, and models using real-world data demonstrate the practical possibilities and restrictions of different approaches and help students grasp general concepts and theoretical results. A solutions manual is available with qualifying course adoption.

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Probability & Statistics