Introduction to Probability Models Twelfth Edition is the latest version of Sheldon Ross's classic bestseller. This trusted book introduces the reader to elementary probability modelling and stochastic processes and shows how probability theory can be applied in fields such as engineering computer science management science the physical and social sciences and operations research. The hallmark features of this text have been retained in this edition including a superior writing style and excellent exercises and examples covering the wide breadth of coverage of probability topics. In addition many real-world applications in engineering science business and economics are included.Retains the valuable organization and trusted coverage that students and professors have relied on since 1972Includes new coverage on Coupling methods Martingales continuous time Markov chains and a new derivation of Poisson ProcessOffers updated examples and exercises throughout along with required material for Exam 3 of the Society of ActuariesRead more
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