Subject(s) 
Probabilities


Mathematical analysis


Chance

Physical Description 
x, 562 p. : ill. ; 23 cm 
Summary 
"Understanding Probability is a unique and stimulating approach to a first course in probability. The first part of the book demystifies probability and uses many wonderful probability applications from everyday life to help the reader develop a feel for probabilities. The second part, covering a wide range of topics, teaches clearly and simply the basics of probability. This fully revised third edition has been packed with even more exercises and examples, and it includes new sections on Bayesian inference, Markov chain Monte Carlo simulation, hitting probabilities in random walks and Brownian motion, and a new chapter on continuoustime Markov chains with applications. Here you will find all the material taught in an introductory probability course. The first part of the book, with its easygoing style, can be read by anybody with a reasonable background in high school mathematics. The second part of the book requires a basic course in calculus" Provided by publisher 
Note 
Includes bibliographical references and index 
Contents 
Part I. Probability in Action: 1. Probability questions; 2. Law of large numbers and simulation; 3. Probabilities in everyday life; 4. Rare events and lotteries; 5. Probability and statistics; 6. Chance trees and Bayes' rule  Part II. Essentials of Probability: 7. Foundations of probability theory; 8. Conditional probability and Bayes; 9. Basic rules for discrete random variables; 10. Continuous random variables; 11. Jointly distributed random variables; 12. Multivariate normal distribution; 13. Conditioning by random variables; 14. Generating functions; 15. Discretetime Markov chains; 16. Continuoustime Markov chains  Appendix; Counting methods and ex 
NOTE 
516003 
