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    Cleveland State University
  Jan 18, 2018
Graduate Catalog 2014 - 2015 [ARCHIVED CATALOG]

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MTH 524 - Applications of Probability

(4 credits)
Modeling techniques for probabilistic systems and analysis of Monte Carlo simulations. Discrete time Markov chains, Poisson process, Birth-and-Death process, Renewal process. Random walks and Brownian motion. Applications include queuing theory, financial models, populations, inventory theory, and optimization of stochastic systems.

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