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Stack the odds in your favor for mastering probabilityDon't leave your knowledge of probability to chance. Instead, turn to Probability Demystified, Second Edition, for learning fundamental concepts and theories step-by-step.
This practical guide eases you into the subject of probability using familiar items such as coins, cards, and dice. As you progress, you will master concepts such as addition and multiplication rules, odds and expectation, probability distributions, and more. You'll learn the relationship between probability and normal distribution, as well as how to use the recently developed Monte Carlo method of simulation. Detailed examples make it easy to understand the material, and end-of-chapter quizzes and a final exam help reinforce key ideas.
It's a no-brainer! You'll learn about:
Classical probability
Game theory
Actuarial science
Addition rules
Bayes' theorem
Odds and expectation
Binomial distribution
Simple enough for a beginner, but challenging enough for an advanced student, Probability Demystified, Second Edition, helps you master this essential subject.
Contents
Ch 1 - Basic Concepts
Ch 2 - Sample Spaces
Ch 3 - The Addition Rules
Ch 4 - The Multiplication Rules
Ch 5 - Odds and Expectation
Ch 6 - The Counting Rules
Ch 7 - The Binomial Distribution
Ch 8 -Other Probability Distributions
Ch 9 - The Normal Distribution
Ch 10 - Simulation
Ch 11 — Game Theory
Ch 12 - Actuarial Science
