Applied Probability Probability is an area that has many and varied applications to the solution of real-world problems. Similarly, an insurance company may like to estimate on the number of accidents, say traffic accidents in the future in order to set the premium for a policy that the policyholder pays for in advance. The foundation of statistical inference rests on the subject of probability. The course is intended to give students a firm foundation in probability theory which is necessary for a complete understanding of any advanced statistics. Such a question can be answered by simulating table tennis players of differing abilities.
Simulation is an important aspect of modern statistical computing.
Another aspect of modern statistical computing is the visualization of data using graphical techniques. Often, an appropriate plot will reveal interesting or unexpected features. For example, a very simple graph can tell you how you can best play the lottery. These topics and more will be introduced in the course. Students with limited computer experience will be introduced to the use of modern statistical computer packages for data management and data analysis.