Probability and Stochastic Modeling by Vladimir I. Rotar, Paperback | Indigo Chapters

A First Course in Probability with an Emphasis on Stochastic ModelingProbability and Stochastic Modelingnot 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. | Probability and Stochastic Modeling by Vladimir I. Rotar, Paperback | Indigo Chapters