num_pages: 608
description: 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 sectionson 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 Exercisesin Probability .
language: English
title: Probability and Random Processes
titlecomplete: Probability and Random Processes
genres: Science, Mathematics, Textbooks, Reference
ratings_count: 88
publisher: Oxford University Press