For many real-world processes, like financial market prices, molecular motion and weather patterns, seemingly random fluctuations are intrinsic to their observed behaviour. Understanding the ...

The minor in Applied Mathematics was developed to provide in-depth training in mathematical techniques and computational methods well beyond the training usually received by science and engineering ...

Studies axioms, counting formulas, conditional probability, independence, random variables, continuous and discrete distribution, expectation, moment generating functions, law of large numbers, ...

Journal of Applied Probability and Advances in Applied Probability have for four decades provided a forum for original research and reviews in applied probability, mapping the development of ...

In school, we are trained to think that math problems always have one correct answer. But this is not necessarily true for problems dealing with probability, if the method used to reach the described ...