Probability Theory and Mathematical Statistics (Key Teaching Material of the "Ninety-Five" Plan for Financial Majors in Higher Vocational Colleges)

Author: Wang Yuqing
Publisher:
Publish Date: 1998-05-31
Features: Probability theory and mathematical statistics are mathematical disciplines that study and reveal the statistical laws of random phenomena. They are widely applied in various fields of finance and insurance and serve as important mathematical tools for modern economic theory, application, and research. The eight chapters of this book introduce the basic knowledge and operational methods of probability theory and mathematical statistics, from random events and probability to regression analysis, with a particular emphasis on practical applications (from examples to exercises). In the writing process, efforts were made to adopt an heuristic approach, progressing from simple to complex, highlighting key points, connecting with real-world scenarios, and employing multiple solution methods in typical examples to enhance students' abilities to analyze and solve problems. Practical issues covered include methods for time series problems in financial work, the relationship between the Taiwan stock market and time, Hong Kong as a window for world trade with its trade volume and air transportation conditions, the savings deposit balances of urban and rural areas in China in recent years, the correlation between national income and financial revenue, appropriate forecasting and control methods, simplifying the calculation of quadratic linear regression equations, and controlling risks in the insurance industry to prevent losses. All these practical problems can be addressed through studying this textbook.