Probability and Random Processes

Ranked #50 in Probability

This book gives an introduction to probability and its many practical application by providing a thorough, entertaining account of basic probability and important random processes, covering a range of important topics. Emphasis is on modelling rather than abstraction and there are new sections on sampling and Markov chain Monte Carlo, renewal-reward, queueing networks, stochastic calculus, and option pricing in the Black-Scholes model for financial markets. In addition, there are almost 400 exercises and problems relevant to the material. Solutions can be found in One Thousand Exercises in... more

Similar Books

If you like Probability and Random Processes, check out these similar top-rated books:


Learn: What makes Shortform summaries the best in the world?