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Introduction to Probability and Statistics for Science, Engineering, and Finance
Af: Walter A. Rosenkrantz Engelsk Hardback
SPAR
kr 178
Introduction to Probability and Statistics for Science, Engineering, and Finance
Af: Walter A. Rosenkrantz Engelsk Hardback
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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    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.

    Produktdetaljer
    Sprog: Engelsk
    Sider: 680
    ISBN-13: 9781584888123
    Indbinding: Hardback
    Udgave:
    ISBN-10: 1584888121
    Udg. Dato: 10 jul 2008
    Længde: 37mm
    Bredde: 260mm
    Højde: 182mm
    Oplagsdato: 10 jul 2008
    Forfatter(e): Walter A. Rosenkrantz
    Forfatter(e) Walter A. Rosenkrantz


    Kategori Sandsynlighedsregning og statistik


    Sprog Engelsk


    Indbinding Hardback


    Sider 680


    Udgave


    Længde 37mm


    Bredde 260mm


    Højde 182mm


    Udg. Dato 10 jul 2008


    Oplagsdato 10 jul 2008

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