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Module APPLIED PROBABILITY

Module code: MT465S
Credits: 5
Semester: 1
Department: MATHEMATICS AND STATISTICS
International: Yes
Overview Overview
 

Module Objective:
To introduce the students to Applied Probability.

Markov chains; classification of states, limiting probabilities. Poisson process; interarrival and waiting time-distributions. Continuous time markov chains, birth and death processes, queues: M/M/1, M/M/k, finite capacity. Reliability models; hazard rates. Monte-Carlo simulation of random variables.

Open Learning Outcomes
 
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Open Assessment
 
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Open Co-Requisites
 
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