Introduction to Probability and Stochastic Processes - MATH5846

   
   
   
 
Campus: Kensington Campus
 
 
Career: Postgraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.12500 (more info)
 
 
Indicative Contact Hours per Week: 2
 
 
Fee Band: 2 (more info)
 
 
Further Information: See Class Timetable
 
 

Description


Probabilistic concepts are necessary to study various complex phenomena arising in Engineering, Biology, Medicine and Economics. The aim of this course is to introduce basic concepts which are needed to analyze such phenomena. In particular we discuss the concepts of random event, random variable, structures of dependence, computation of probabilities using the Central Limit Theorem, simple Markov chains and a Poisson process.