Probability and stochastic processes offers a
comprehensive and approachable guide for students and professionals in
engineering, physics, and related fields. This edition brings significant
updates, fresh examples, and expanded coverage—all while preserving the clarity
and structure that have made the book a trusted resource for decades. Designed
for learners who seek more than just equations, this book emphasizes
understanding the "why" behind core concepts. It carefully develops
topics such as random variables, probability distributions, expectations, and
stochastic models through step-by-step explanations and real-world
applications. From classical problems like the gambler's ruin to modern
techniques in parameter estimation and Queueing theory, the content is both
rigorous and relevant.
Highlights of the fifth edition
include:
• Substantial updates to Chapters 3 to 5 with new
examples and practical illustrations
• Expanded coverage of estimation theory, Markov chains,
and Queueing systems
• Two entirely new chapters on Markov models and
branching processes
• Revised content throughout to improve clarity and
accessibility
• Broad support for course customization, from
undergraduate to graduate-level topics
With over 1,000 carefully structured equations and
numerous problem sets, the book is ideal for one-semester courses in
probability, stochastic processes, and statistical modeling. Whether you are a
student, educator, or practicing engineer, this book provides the tools to
develop a strong foundation and apply probabilistic thinking in real-world
settings.
| Specifications | Descriptions |
|---|---|
| ISBN | 9789349881662 |
| Published Year | 2026 |
| Binding | Paperback |
| Subject | Mathematics, Physics, related sciences |
| Pages | 864 |
| Weight | 1.1 (In Kg) |
| Readership | Undergraduate/graduate-level students |
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