STAT 516 - Basic Probability and Applications

A first course in probability intended to serve as a background for statistics and other applications. Sample spaces and axioms of probability, discrete and continuous random variables, conditional probability and Bayes’ theorem, joint and conditional probability distributions, expectations, moments and moment generating functions, law of large numbers and central limit theorem. (The probability material in Course 1 of the Society of Actuaries and the Casualty Actuarial Society is covered by this course.)

Preparation for Course
P: MA 261 or MA 263 with a grade of C or higher.

Cr. 3.
Dual Level Course
Undergraduate-Graduate