STAT 354 Probability with Applications

A first course in probability with selected applications. Definition of probability and basic axioms; calculation of probabilities; mutually exclusive and independent events; conditional probability and Bayes Theorem; discrete random variables and distributions; continuous random variables and distributions; calculation of expected value, mode, median, percentiles, variance, standard deviation, and coefficient of variation; functions of random variables and transformations. Applications selected from Markov chains, random walks, queueing theory, and inventory theory




MATH 121 or MATH 123


Every other year