 +612 9045 4394  CHECKOUT    Probability Demystified : 2nd Edition

The Demystified Series

Paperback Published: 17th January 2012
ISBN: 9780071780971
Number Of Pages: 272

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Probability Demystified, Second Edition presents the concepts of probability in a simple, straightforward, easy-to-understand way. You can use the book as a self-study guide or as a supplementary textbook for a course in probability or statistics.

Packed with real-world coin, card, and dice examples, this practical guide takes you through the world of probability. Chapter-ending quizzes and a final exam round out this alternative to heavy, confusing, and expensive texts. In addition to presenting the concepts of probability, each chapter ends with a section called “Probability Sidelight,” which includes a brief history of probability with commentary on how probability theory is used in everyday life.

Probability Demystified, Second Edition

• Contains chapters on simulation, game theory, and actuarial science
• Uses coin, card, and dice examples to illustrate more complex probability concepts
• Progresses from the basics to game theory to actuarial science
• Contains no theorems or proofs that might scare away the “math-phobic”
• Provides chapter-opening objectives that describe what you’ll learn in each step
• Includes questions at the end of every chapter to reinforce learning and pinpoint weaknesses
• Offers “Still Struggling?” elements throughout to help you with difficult subtopics
• Concludes with a final exam for overall self-assessment

 Preface p. xiii Acknowledgments p. xvii Basic Concepts p. 1 Probability Experiments p. 2 Classical Probability p. 4 Probability Rules p. 5 Empirical Probability p. 11 Law of Large Numbers p. 15 Subjective Probability p. 15 Summary p. 18 Quiz p. 19 Sample Spaces p. 23 Tree Diagrams p. 24 Tables p. 32 Summary p. 39 Quiz p. 40 The Addition Rules p. 43 Mutually Exclusive Events p. 44 Addition Rule I p. 45 Addition Rule II p. 47 Summary p. 51 Quiz p. 52 The Multiplication Rules p. 55 Independent and Dependent Events p. 56 Multiplication Rule I p. 57 Multiplication Rule II p. 60 Conditional Probability p. 63 Summary p. 69 Quiz p. 70 Odds and Expectation p. 73 Odds p. 74 Expectation p. 79 Summary p. 87 Quiz p. 88 The Counting Rules p. 91 The Fundamental Counting Rule p. 92 Factorials p. 94 Permutations p. 96 Combinations p. 99 Probability and the Counting Rules p. 102 Summary p. 106 Quiz p. 107 The Binomial Distribution p. 111 Discrete Probability Distributions p. 112 The Mean and Standard Deviation for a Binomial Distribution p. 118 Quiz p. 125 Other Probability Distributions p. 127 The Multinomial Distribution p. 128 The Hypergeometric Distribution p. 130 The Geometric Distribution p. 132 The Poisson Distribution p. 136 Summary p. 140 Quiz p. 141 The Normal Distribution p. 145 Populations and Samples p. 146 Measures of Average p. 146 Measures of Variability p. 150 The Normal Distribution p. 154 The Standard Normal Distribution p. 161 Summary p. 171 Quiz p. 173 Simulation p. 177 The Monte Carlo Method p. 178 Summary p. 184 Quiz p. 185 Game Theory p. 187 Two-Person Games p. 188 Summary p. 203 Quiz p. 205 Actuarial Science p. 207 Mortality Tables p. 208 Life Insurance Policies p. 212 Summary p. 220 Quiz p. 221 Final Exam p. 223 Answers to Quizzes and Final Exam p. 237 Appendix: Bayes' Theorem p. 239 Index p. 243 Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780071780971
ISBN-10: 0071780971
Series: Demystified
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 272
Published: 17th January 2012
Publisher: McGraw-Hill Education - Europe
Country of Publication: US
Dimensions (cm): 23.3 x 19.0  x 1.3
Weight (kg): 0.52
Edition Number: 2
Edition Type: Revised

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