This unit provides accounting and finance students with a solid background in concepts of probability and applied probability. The unit emphasises practical rather than theoretical aspects, but contains sufficient material for students to feel comfortable with the basic properties of Brownian motion and time-series models at an introductory level. Other topics in probability include random variables and joint distributions, elementary ideas of conditional distributions and a survey of common distributions including the normal, log-normal, Bernoulli, Binomial and Poisson. Some statistical ideas related to the multivariate normal may be developed. Applications throughout are in terms of... -- Course Website
Prerequisites: STAT1520 Economic and Business Statistics (or equivalent) and FINA1221 Introduction to Finance (or equivalent); for pre-2012 courses: STAT1520 Economic and Business Statistics (or equivalent) and six points of calculus
