Understanding Probability

This book is a must to read. You may buy the Paperback version or Hardcover Version which cost quite a sum directly from Amazon which is a great addition to your library at home. For those who can’t wait to read, learn and understand the statistic, you may download in PDF form for just a small fraction of the price only for a limited period.

What the book is all about?

Understanding Probability Chance events are commonplace in our daily lives. Every day we face situations where the result is uncertain, and, perhaps without realizing it, we guess about the likelihood of one outcome or another. Fortunately, mastering the concepts of probability can cast new light on situations where randomness and chance appear to rule. In this fully revised second edition of Understanding Probability, the reader can learn about the world of probability in an appealing way. The author demystifies the law of large numbers, betting systems, random walks, the bootstrap, rare events, the central limit theorem, the Bayesian approach, and more. This second edition has wider coverage, more explanations and examples and exercises, and a new chapter introducing Markov chains, making it a great choice for a first probability course. But its easy-going style makes it just as valuable if you want to learn about the subject on your own, and high school algebra is really all the mathematical background you need.

He nk Tijms is Professor of Operations Research at the Vrije University in Amsterdam. The author of several textbooks, including A First Course in Stochastic Models, he is intensively active in the popularization of applied mathematics and probability in Dutch high schools. He has also written numerous papers on applied probability and stochastic optimization for international journals, including Applied Probability and Probability in the Engineering and Informational Sciences.

Understanding Probability Chance Rules in Everyday Life Second Edition