Introduction to Probability and Statistics for Science, Engineering, and Finance - Brossura

Rosenkrantz, Walter A.

Brossura

ISBN 10: 1032477784 ISBN 13: 9781032477787

Casa editrice: Chapman and Hall/CRC, 2023

Riassunto

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.

Su questo libro

Informazioni sull?autore

Walter A. Rosenkrantz

Dettagli dell?edizione

• Editore: Chapman and Hall/CRC
• Data di pubblicazione: 2023
• ISBN 10: 1032477784
• ISBN 13: 9781032477787
• Rilegatura: Copertina flessibile
• Lingua: Inglese
• Numero edizione: 1
• Numero di pagine: 680
• Contatto del produttore: non disponibile