``RandomWalks: An Introduction to Stochastic Processes,'' by Ron Barnes,UMAP520. This module introduces random walks by an example
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``RandomWalks: An Introduction to Stochastic Processes,'' by Ron Barnes,UMAP520.
This module introduces random walks by an example of a gambling game. It develops and solves the associated finite difference equation, while introducing the concept of expected gain. Generalizations to Markov chains and continuous processes are discussed.
Applications in the life sciences and genetics are noted.
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Related Book For
A First Course In Mathematical Modeling
ISBN: 9781285050904
5th Edition
Authors: Frank R. Giordano, William P. Fox, Steven B. Horton
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