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

Rosenkrantz, Walter A.

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

Inhaltsangabe

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.

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    Über die Autorin bzw. den Autor

    Walter A. Rosenkrantz

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    Verlag
    Chapman and Hall/CRC
    Erscheinungsdatum
    2023
    Sprache
    Englisch
    ISBN 10 
    1032477784
    ISBN 13 
    9781032477787
    Einband
    Taschenbuch
    Auflage
    1
    Anzahl der Seiten
    680
    Kontakt zum Hersteller
    Nicht verfügbar
    Verantwortliche Person
    Nicht verfügbar

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