MATH 340 - Stochastic Modeling in Business and Economics

Institution:

California State University-San Marcos

Subject:

Description:

Introduction to stochastic modeling with emphasis on application in business and economics. Discrete probability distributions including uniform, Bernoulli, binomial, hypergeometric, multinomial, and geometric. Random variables, expected value, and standard deviation. Joint distributions, conditional distributions, independence, and conditional expected value. Laws of large numbers. Discrete time Markov chains and martingales. Applications to include queuing models, cash and inventory management models, and stock option pricing. May not be taken for credit by students who have received credit for MATH 440, 441 or 571. Enrollment Requirement: MATH 132 or 160, or 264 with a grade of C (2.0) or better. Prerequisite: MATH 315 or 374 with a grade of C (2.0) or better.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.csusm.edu

Phone Number:

(760) 750-4000

Regional Accreditation:

Western Association of Schools and Colleges

Calendar System:

Semester

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