units

MTH3241

Faculty of Science

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Monash University Handbook 2010 Undergraduate - Unit

6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL

LevelUndergraduate
FacultyFaculty of Science
OfferedClayton First semester 2010 (Day)
Coordinator(s)Dr Kais Hamza

Synopsis

This unit introduces the methods of stochastic processes and statistics used in the analysis of biological data, physics, economics and engineering. At the completion of the unit students will understand the application of classical techniques, such as Poisson processes, Markov chains, hidden Markov chains, random walks, martingale theory, birth and death processes, and branching processes in the analysis of DNA sequences, population genetics, dynamics of populations, telecommunications and economic analysis.

Objectives

On completion of this unit students will be able to understand the idea of random variables varying with time; analyse Markov chains at the elementary level, in discrete and continuous time; study various processes such as Poisson process, birth process, birth and death process, branching processes, random walks, martingales; apply the above probability processes to such practical situations as queues, epidemics, servicing machines, networks, financial markets, insurance risk, etc.

Assessment

Final exam: 70%
Assignments: 30%

Chief examiner(s)

Dr Kais Hamza

Contact hours

Three 1-hour lectures and one 2-hour support class per week

Prerequisites

One of MTH2010, MTH2032, MTH2222, STA2022 or STA3022. MTH2222 is highly recommended.