The Theory of Probability is a major tool that can be used to
explain and understand the various phenomena in different natural,
physical and social sciences. This book provides a systematic
exposition of the theory in a setting which contains a balanced
mixture of the classical approach and the modern day axiomatic
approach. After reviewing the basis of the theory, the book
considers univariate distributions, bivariate normal distribution,
multinomial distribution, convergence of random variables and
elements of stochastic process. Difficult ideas have been explained
lucidly and augmented with explanatory notes, examples and
exercises. The basic requirement for reading the book is the
knowledge of mathematics at graduate level.This book tries to
explain the difficult ideas in axiomatic approach to the theory in
a clear and comprehensive manner. It addresses several unusual
distributions including the power series distribution. Readers will
find many worked-out examples and exercises with hints, which will
make the book easily readable and engaging.The author is a former
professor of the Indian Statistical Institute, India.
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