This updated edition of Ross's classic bestseller provides an introduction to elementary probability theory and stochastic processes, and shows how probability theory can be applied to the study of phenomena in fields such as engineering, computer science, management science, the physical and social sciences, and operations research. With the addition of several new sections relating to actuaries, this text is highly recommended by the Society of Actuaries.This book now contains a new section on compound random variables that can be used to establish a recursive formula for computing probability mass functions for a variety of common compounding distributions; a new section on hiddden Markov chains, including the forward and backward approaches for computing the joint probability mass function of the signals, as well as the Viterbi algorithm for determining the most likely sequence of states; and a simplified approach for analyzing nonhomogeneous Poisson processes. There are also additional results on queues relating to the conditional distribution of the number found by an M/M/1 arrival who spends a time t in the system; inspection paradox for M/M/1 queues; and M/G/1 queue with server breakdown. Furthermore, the book includes new examples and exercises, along with compulsory material for new Exam 3 of the Society of Actuaries.This book is essential reading for professionals and students in actuarial science, engineering, operations research, and other fields in applied probability.

    It places the basics of astronomy and the process of science within the grasp of introductory students. Package Universe, Eighth Edition with FREE Starry Night CD!use Package ISBN 0-7167-9564-7 SPLIT VOLUMESIn addition to the complete 28-chapter version of Universe, two shorter versions are also available:Universe: The Solar System, Third Edition(Chapters 1-16 and 28)0-7167-9563-9; w/FREE Starry Night CD, 0-7167-9562-0Universe: Stars and Galaxies, Third Edition(Chapters 1-8 which includes a two-chapter overview of the solar system) and Chapters 16-28)0-7167-9561-2; w/FREE Starry Night CD, 0-7167-9565-5