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With a focus on models and tangible applications of probability from engineering, business, and other related disciplines, this book successfully guides readers through the fundamentals of the subject helping them achieve an increased mathematical sophistication.

An essential guide to the concepts of probability theory that puts the focus on models and applications Introduction to Probability offers an authoritative text that presents the main ideas and concepts, as well as the theoretical background, models, and applications of probability. The authors--noted experts in the field--include a review of problems where probabilistic models naturally arise, and discuss the methodology to tackle these prob...