{"product_id":"introduction-to-probability-and-statistics-for-science-engineering-and-finance-9781584888123","title":"Introduction to Probability and Statistics for Science  Engineering  and Finance","description":"\u003cp\u003eIntegrating 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 CoxRossRubinstein (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 BlackScholes option pricing formula An introduction to modern portfolio theory Mean-standard deviation diagram of a collection of portfolios Computing a stocks 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.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":45960555593781,"sku":"ByrdShop_1584888121","price":266.96,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9781584888123.jpg?v=1788290918","url":"https:\/\/atxbooks.com\/products\/introduction-to-probability-and-statistics-for-science-engineering-and-finance-9781584888123","provider":"ATX Books","version":"1.0","type":"link"}