For many real-world processes, like financial market prices, molecular motion and weather patterns, seemingly random fluctuations are intrinsic to their observed behaviour. Understanding the ...

Text: A First Course in Probability by Sheldon Ross. Pearson, 9th ed, 2012, ISBN: 032179477X. Course goals: This course will develop the fundamental principles of probability as well as an ...

Studies axioms, counting formulas, conditional probability, independence, random variables, continuous and discrete distribution, expectation, joint distributions, moment generating functions, law of ...

Journal of Applied Probability and Advances in Applied Probability have for four decades provided a forum for original research and reviews in applied probability, mapping the development of ...