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Introduction to Probability and Statistics for Science, Engineering, and Finance - Couverture souple

Rosenkrantz, Walter A.

 
9781032477787: Introduction to Probability and Statistics for Science, Engineering, and Finance
Couverture souple
ISBN 10 : 1032477784 ISBN 13 : 9781032477787
Editeur : Chapman and Hall/CRC, 2023

Synopsis

Integrating interesting and widely used concepts of financial engineering into traditional statistics courses, Introduction to Probability and Statistics for Science, Engineering, and Finance illustrates the role and scope of statistics and probability in various fields.

The text first introduces the basics needed to understand and create tables and graphs produced by standard statistical software packages, such as Minitab, SAS, and JMP. It then takes students through the traditional topics of a first course in statistics. Novel features include:

  • Applications of standard statistical concepts and methods to the analysis and interpretation of financial data, such as risks and returns
  • Cox–Ross–Rubinstein (CRR) model, also called the binomial lattice model, of stock price fluctuations
  • An application of the central limit theorem to the CRR model that yields the lognormal distribution for stock prices and the famous Black–Scholes option pricing formula
  • An introduction to modern portfolio theory
  • Mean-standard deviation diagram of a collection of portfolios
  • Computing a stock’s betavia simple linear regression

  • As soon as he develops the statistical concepts, the author presents applications to engineering, such as queuing theory, reliability theory, and acceptance sampling; computer science; public health; and finance. Using both statistical software packages and scientific calculators, he reinforces fundamental concepts with numerous examples.

    • Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

    À propos de l'auteur

    Walter A. Rosenkrantz

    Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

    Éditeur
    Chapman and Hall/CRC
    Date d'édition
    2023
    Langue
    anglais
    ISBN 10 
    1032477784
    ISBN 13 
    9781032477787
    Reliure
    Broché
    Nombre de pages
    680
    Coordonnées du fabricant
    non disponible
    Personne responsable
    non disponible