STATS 430 - Applied Probability
Section: 001
Term: WN 2018
Subject: Statistics (STATS)
Department: LSA Statistics
Credits:
3
Requirements & Distribution:
BS
Waitlist Capacity:
99
Advisory Prerequisites:
STATS 425 or equivalent.
BS:
This course counts toward the 60 credits of math/science required for a Bachelor of Science degree.
Repeatability:
May not be repeated for credit.

Review of probability theory; introduction to random walks; counting and Poisson processes; Markov chains in discrete and continuous time; equations for stationary distributions; introduction to Brownian motion. Selected applications such as branching processes, financial modeling, genetic models, the inspection paradox, inventory and queuing problems, prediction, and/or risk analysis. Selected optional topics such as hidden Markov chains, martingales, renewal theory, and/or stationary process.

STATS 430 - Applied Probability
Schedule Listing
001 (LEC)
P
31256
Open
49
49STATS (Maj or Min)
-
MW 1:00PM - 2:30PM
NOTE: Data maintained by department in Wolverine Access. If no textbooks are listed below, check with the department.


ISBN: 0387950168
Stochastic calculus and financial applications, Author: J. Michael Steele., Publisher: Springer-Verlag 3. corr. p 2000
Required
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