Hardcover

ISBN 10: 0125984553 ISBN 13: 9780125984553

Publisher: Academic Pr, 1993

This text is a revision of Ross' textbook introducing elementary probability theory and stochastic processes. The text should be suited to those wanting to apply probability theory to the study of phenomena in fields such as engineering, management science, the physical and social sciences and operations research. This fifth edition features updated examples and exercises, with an emphasis wherever possible on real data. Other changes include new material on Compound Poisson Processes and numerous new applications such as tracking the number of AIDS cases, applications of the reverse chain to queueing networks, and applications of Brownian motion to stock option pricing. This edition also features a complete solutions manual for instructors, as well as a salable partial solutions manual for students.