ABSTRACT

A First Course in Probability with an Emphasis on Stochastic ModelingProbability and Stochastic Modeling not only covers all the topics found in a traditional introductory probability course, but also emphasizes stochastic modeling, including Markov chains, birth-death processes, and reliability models. Unlike most undergraduate-level probability t

chapter |6 pages

Introduction

chapter 0|56 pages

PROBABILITY AND RANDOM VARIABLES

chapter 4|44 pages

THREE BASIC PROPOSITIONS

chapter 5|60 pages

A GENERAL FRAMEWORK AND TYPICAL SITUATIONS

chapter 6|34 pages

BROWNIAN MOTION AND ITS GENERALIZATIONS

chapter 7|50 pages

INTRODUCTION

chapter 8|48 pages

THE DISTRIBUTION OF THE LIFETIME

chapter 9|38 pages

A GENERAL MODEL

chapter 10|32 pages

Annuity Models

chapter 11|34 pages

Premiums and Reserves

chapter 12|42 pages

Risk Exchange: Reinsurance and Coinsurance