Nov 06, 2024  
2022-23 Undergraduate Catalog 
    
2022-23 Undergraduate Catalog [ARCHIVED CATALOG]

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STAT 4320 - Probability and Stochastic Processes

3 credit hours
Prerequisites: Two semesters of calculus and STAT 3150  (or MATH 2050 ) or consent of instructor. Theoretical basis for stochastic processes and their use as models of real-world phenomena. Topics include Markov chains, Poisson processes, Brownian motion and stationary processes. Applications include Gambler’s Ruin, birth and death models, hitting times, stock option pricing, and the Black-Scholes model.


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