Probability and Statistics are as much about intuition and problem solving, as they are about theorem proving. Because of this, students can find it very difficult to make a successful transition from lectures to examinations to practice, since the problems involved can vary so much in nature. Since the subject is critical in many modern applications such as mathematical finance, quantitative management, telecommunications, signal processing, bioinformatics, as well as traditional ones such as insurance, social science and engineering, the authors have rectified deficiencies in traditional lecture-based methods by collecting together a wealth of exercises for which they have supplied complete solutions. These solutions are adapted to needs and skills of students. To make it of broad value, the authors supply basic mathematical facts as and when they are needed, and have sprinkled some historical information throughout the text.
"All the ingredients that contribute to making a good lecture are in the book: well-explained theory, interesting examples, and funny jokes and amusing stories about famous probabilists and statisticians. The authors also give rhythm to the flow of the subjects, making the volume a very pleasant book to read."
Mathematical Reviews
"…authors claim that this book simplifies life for test-taking students by offering them a wealth of exercises along with complete solutions. Highly recommended."
Choice
"Well put together, well written and containing a regular joke to relax the mind, this book is an excellent text for courses in probability and statistics designed for the reasonably mathematically sophisticated."
Charles Ashbacher
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