Abstract
Random phenomena are common in natural as well as in man-made systems. Weather is a natural random phenomenon, while the stock market is a man-made random phenomenon. Study of such random phenomena is vital if we are to understand their behavior, and predict (and possibly control) their future. The subject of probability provides us with a mathematical tool to do this.
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© 1999 Springer Science+Business Media New York
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Kulkarni, V. (1999). Probability. In: Modeling, Analysis, Design, and Control of Stochastic Systems. Springer Text in Statistics. Springer, New York, NY. https://doi.org/10.1007/978-1-4757-3098-2_1
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DOI: https://doi.org/10.1007/978-1-4757-3098-2_1
Publisher Name: Springer, New York, NY
Print ISBN: 978-1-4419-3154-2
Online ISBN: 978-1-4757-3098-2
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