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Basics of Probability and Stochastic Processes (Hardcover, 1st ed. 2019)
Loot Price: R1,957
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Basics of Probability and Stochastic Processes (Hardcover, 1st ed. 2019)
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This textbook explores probability and stochastic processes at a
level that does not require any prior knowledge except basic
calculus. It presents the fundamental concepts in a step-by-step
manner, and offers remarks and warnings for deeper insights. The
chapters include basic examples, which are revisited as the new
concepts are introduced. To aid learning, figures and diagrams are
used to help readers grasp the concepts, and the solutions to the
exercises and problems. Further, a table format is also used where
relevant for better comparison of the ideas and formulae. The first
part of the book introduces readers to the essentials of
probability, including combinatorial analysis, conditional
probability, and discrete and continuous random variable. The
second part then covers fundamental stochastic processes, including
point, counting, renewal and regenerative processes, the Poisson
process, Markov chains, queuing models and reliability theory.
Primarily intended for undergraduate engineering students, it is
also useful for graduate-level students wanting to refresh their
knowledge of the basics of probability and stochastic processes.
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