This book is a revised updated & greatly expanded version of the authors' " Probability & Random Processes Problems & Solutions" first published in 1992 The 1000 exercises contained within are not merely drill problems but have been chosen to illustrate the concepts illuminate the subject & both inform & entertain the student Topics cover a broad range of subjects including elementary aspects of probability & random variables; sampling; Markov chains; convergence; stationary processes; renewals; queues; Martingales; diffusion; mathematical finance & the Black-Scholes model This text is intended for general use & to serve students as a companion text for elementary intermediate & advanced courses in probability & random processes Useful for anyone needing a large source of problems in these areas & at all levels This book also acts as a companion volume to the new edition of Probability & Random Processes 3e (OUP
- 2001) providing the solutions for the problems & exercises