Probability : the science of uncertainty with applications to investments, insurance, and engineering

Bean's PROBABILITY: THE SCIENCE OF UNCERTAINTY WITH APPLICATIONS TO INVESTMENTS, INSURANCE, AND ENGINEERING is an 'applied' book that will be of interest to instructors teaching probability in mathematics departments of operations research, statistics, actuarial science, management science, and decision science. Comprehensive, easy to read and comprehend, and current, the book uses investment, insurance, and engineering applications throughout as a unifying theme. Bean's Probability: The Science Of Uncertainty With Applications To Investments, Insurance, And Engineering is an 'applied' book that will be of interest to professionals in investment banking, insurance, engineering, statistics, and actuarial science. Comprehensive, easy to read and comprehend, and current, the book uses investment, insurance, and engineering applications throughout as a unifying theme.-- The book covers all material in probability and risk management that is now tested on the new Society of Actuaries professional examination curriculum.-- Each chapter ends with a summary as well as review exercises.-- Presenting an accessible look at the basic theory of Nobel Prize winning Markowitz Portfolio on Selection Model, Chapter 10 is a basic investment allocation model used extensively in the investment industry and has not previously been included in any probability book.