MATH 3050 - Stochastic Modeling and Applications

Institution:

Utah Tech University

Subject:

Mathematics

Description:

The purpose of this course is to equip students with basic theoretical and practical knowledge of stochastic modeling, which is very important and necessary for the analysis of stochastic dynamical systems in many application including economics, engineering, and other other fields. Emphasis will be placed on understanding the stochastic processes, how to model problems, and how to use technology to solve real-world problems. Throughout this course, different real-world problems will be discussed and solved using computational tools. **COURSE LEARNING OUTCOMES (CLOs) At the successful conclusion of this course, students will be able to: 1. Explain the basic concepts of stochastic processes. 2. List the different important stochastic processes, their properties and characteristics. 3. Model and solve real-life problems using stochastic processes. Prerequisites: MATH 2050 OR STAT 2040 OR MATH 3060 OR Math 3400 (Grade C or higher). SP

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.utahtech.edu/

Phone Number:

(435) 652-7500

Regional Accreditation:

Northwest Commission on Colleges and Universities

Calendar System:

Semester

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