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Probability Demystified : 2nd Edition : The Demystified Series - Allan Bluman

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

Prefacep. xiii
Acknowledgmentsp. xvii
Basic Conceptsp. 1
Probability Experimentsp. 2
Classical Probabilityp. 4
Probability Rulesp. 5
Empirical Probabilityp. 11
Law of Large Numbersp. 15
Subjective Probabilityp. 15
Summaryp. 18
Quizp. 19
Sample Spacesp. 23
Tree Diagramsp. 24
Tablesp. 32
Summaryp. 39
Quizp. 40
The Addition Rulesp. 43
Mutually Exclusive Eventsp. 44
Addition Rule Ip. 45
Addition Rule IIp. 47
Summaryp. 51
Quizp. 52
The Multiplication Rulesp. 55
Independent and Dependent Eventsp. 56
Multiplication Rule Ip. 57
Multiplication Rule IIp. 60
Conditional Probabilityp. 63
Summaryp. 69
Quizp. 70
Odds and Expectationp. 73
Oddsp. 74
Expectationp. 79
Summaryp. 87
Quizp. 88
The Counting Rulesp. 91
The Fundamental Counting Rulep. 92
Factorialsp. 94
Permutationsp. 96
Combinationsp. 99
Probability and the Counting Rulesp. 102
Summaryp. 106
Quizp. 107
The Binomial Distributionp. 111
Discrete Probability Distributionsp. 112
The Mean and Standard Deviation for a Binomial Distributionp. 118
Quizp. 125
Other Probability Distributionsp. 127
The Multinomial Distributionp. 128
The Hypergeometric Distributionp. 130
The Geometric Distributionp. 132
The Poisson Distributionp. 136
Summaryp. 140
Quizp. 141
The Normal Distributionp. 145
Populations and Samplesp. 146
Measures of Averagep. 146
Measures of Variabilityp. 150
The Normal Distributionp. 154
The Standard Normal Distributionp. 161
Summaryp. 171
Quizp. 173
Simulationp. 177
The Monte Carlo Methodp. 178
Summaryp. 184
Quizp. 185
Game Theoryp. 187
Two-Person Gamesp. 188
Summaryp. 203
Quizp. 205
Actuarial Sciencep. 207
Mortality Tablesp. 208
Life Insurance Policiesp. 212
Summaryp. 220
Quizp. 221
Final Examp. 223
Answers to Quizzes and Final Examp. 237
Appendix: Bayes' Theoremp. 239
Indexp. 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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