Probability and Random Processes

By Geoffrey R. GrimmettDavid R. StirzakerDavid Stirzaker, et al.

Book Overview

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 sections on 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 Exercises in Probability.

• Format: Paperback
• Language: English
• ISBN: 0198572220
• ISBN13: 9780198572220
• Release Date: August 2001
• Publisher: Oxford University Press, USA
• Length: 608 Pages
• Weight: 2.35 lbs.
• Dimensions: 1.3" x 6.7" x 9.3"