This is an updated and greatly expanded version of an already well-established and popular exercise manual. It provides a wide-ranging selection of illuminating, informative and entertaining problems, together with their solution.
Topics include modelling and many applications of probability theory, as well as theoretical aspects. There are questions at all ability levels, the majority being of elementary or intermediate standard.

Well suited as a stand alone problems and solutions manual, it also is the companion volume for the text: Probability and Random Processes 3/e.

1. Events and their probabilities; 2. Random variables and their distribution; 3. Discrete randon variables; 4. Continuous random variables; 5. Generating functions and their applications; 6. Markov chains; 7. Convergence of random variables; 8. Random processes; 9. Stationary processes; 10. Renewals; 11. Queues; 12. Martingales; 13. Diffusion processes; Table of distributions; Bibliography; Index

This book is a revised, updated and greatly expanded version of the authors' "Probability and Random Processes: Problems and Solutions", first published in 1992. The 1000+ exercises contained within are not merely drill problems but have been chosen to illustrate the concepts, illuminate the subject, and both inform and entertain the student. Topics cover a broad range of subjects, including: elementary aspects of probability and random variables; sampling; Markov
chains; convergence; stationary processes; renewals; queues; Martingales; diffusion; mathematical finance and the Black-Scholes model.

This text is intended for general use, and to serve students as a companion text for elementary, intermediate and advanced courses in probability and random processes. Useful for anyone needing a large source of problems in these areas and at all levels.

This book also acts as a companion volume to the new edition of Probability and Random Processes 3/e, (OUP - 2001), providing the solutions for the problems and exercises.