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This course introduces some of the most useful probability concepts and models that are widely used in biology, medicine, economics, finance, engineering, physics and many other areas. The models that will be covered are Markov chains and Poisson processes.
Be able to identify, formulate and solve certain probability problems;understand the model assumptions and mathematical properties of some commonrandom processes, which may include Markov chains, random walks, Poissonprocesses and martingales;be able to use these models in simple applications.
Either a) MATH199; or b) 15 points from MATH102 or EMTH118, and another 15 points from 100 level STAT, DATA, MATH, orEMTH (excluding MATH101 and MATH110)
General information for students
Domestic fee $802.00
International fee $4,563.00
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see
Mathematics and Statistics