Flip of a coin

Xem 1-3 trên 3 kết quả Flip of a coin
  • Orley Ashenfelter really loves wine: "When a good red wine ages," he says, "something quite magical happens." Yet Orley isn't just obsessed with how wine tastes. He wants to know about the forces behind great and not-so-great wines. "When you buy a good red wine," he says, "you're always making an investment, in the sense that it's probably going to be better later. And what you'd like to know is not what it's worth now, but what it's going to be worth in the future.

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  • Probability and statistics are concerned with events which occur by chance. Examples include occurrence of accidents, errors of measurements, production of defective and nondefective items from a production line, and various games of chance, such as drawing a card from a well-mixed deck, flipping a coin, or throwing a symmetrical six-sided die. In each case we may have some knowledge of the likelihood of various possible results, but we cannot predict with any certainty the outcome of any particular trial....

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  • The origins of this book lie in our earlier book Random Processes: A Mathematical Approach for Engineers, Prentice Hall, 1986. This book began as a second edition to the earlier book and the basic goal remains unchanged | to introduce the fundamental ideas and mechanics of random processes to engineers in a way that accurately reects the underlying mathematics, but does not require an extensive mathematical background and does not belabor detailed general proofs when simple cases suce to get the basic ideas across....

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