Probability and Statistics by Example: Volume 2, Markov Chains: A Primer in Random Processes and their Applications (v. 2) (Hardcover)
Yuri Suhov (Author), Mark Kelbert (Author)


Editorial Reviews
Review
"I enjoyed reading this book a great deal... it is a great way to flesh out the general theory with concrete examples and applications."
Darren Glass, MAA Reviews

"In this book one can find a well-balanced mix of clearly explained theory, several classical and interesting examples which complement and integrate the theory discussed as well we though-provoking quotations and humorous sentences which make reading this book very pleasant."
Emanuele Taufer, Mathematical Reviews
Product Description
Probability and Statistics are as much about intuition and problem solving as they are about theorem proving. Because of this, students can find it very difficult to make a successful transition from lectures to examinations to practice, since the problems involved can vary so much in nature. Since the subject is critical in many modern applications such as mathematical finance, quantitative management, telecommunications, signal processing, bioinformatics, as well as traditional ones such as insurance, social science and engineering, the authors have rectified deficiencies in traditional lecture-based methods by collecting together a wealth of exercises with complete solutions, adapted to needs and skills of students. Following on from the success of Probability and Statistics by Example: Basic Probability and Statistics, the authors here concentrate on random processes, particularly Markov processes, emphasizing models rather than general constructions. Basic mathematical facts are supplied as and when they are needed and historical information is sprinkled throughout.

Product Details Hardcover: 498 pages Publisher: Cambridge University Press; 1 edition (July 7, 2008) Language: English ISBN-10: 0521847672 ISBN-13: 978-0521847674