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This book introduces students to probability, statistics, and stochastic processes. It can be used by both students and practitioners in engineering, various sciences, finance, and other related fields. It provides a clear and intuitive approach to these topics while maintaining mathematical accuracy.The book covers: Basic concepts such as random experiments, probability axioms, conditional probability, and counting methodsSingle and multiple ...

Life is full of uncertainty, risk, opportunity, and randomness. How can we gain an edge in our decision-making? There is much that we can neither predict nor control-but we can significantly improve our odds of favorable outcomes in both work and life. By developing an intuitive understanding of risk, chance, and uncertainty, we can harness the power of the randomness all around us to positively impact our lives. After two decades of inves...