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Probability: The Science of Uncertainty with Applications to Investments, Insurance, and Engineering

Probability: The Science of Uncertainty with Applications to Investments, Insurance, and Engineering
Author: Michael A. Bean
Publisher: Brooks Cole
Category: Book

List Price: $170.95
Buy Used: $64.99
You Save: $105.96 (62%)



New (11) Used (14) Collectible (1) from $64.99

Avg. Customer Rating: 4.0 out of 5 stars 6 reviews
Sales Rank: 237600

Media: Hardcover
Edition: 1
Number Of Items: 1
Pages: 464
Shipping Weight (lbs): 1.9
Dimensions (in): 9.3 x 7.4 x 0.9

ISBN: 0534366031
Dewey Decimal Number: 519.2
EAN: 9780534366032
ASIN: 0534366031

Publication Date: December 20, 2000
Availability: Usually ships in 1-2 business days

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  • Mathematical Statistics with Applications
  • Study Guide and Solutions Manual for Exam P of the Society of Actuaries (2nd Edition)

Editorial Reviews:

Product Description
Bean's PROBABILITY: THE SCIENCE OF UNCERTAINTY WITH APPLICATIONS TO INVESTMENTS, INSURANCE, AND ENGINEERING is an 'applied' book that will be of interest to instructors teaching probability in mathematics departments of operations research, statistics, actuarial science, management science, and decision science. Comprehensive, easy to read and comprehend, and current, the book uses investment, insurance, and engineering applications throughout as a unifying theme.


Customer Reviews:   Read 1 more reviews...

5 out of 5 stars Good for self-study   April 2, 2007
 5 out of 5 found this review helpful

I used this textbook as my main study material for the SOA/CAS P/1 exam. I found it to be well-written and understandable. I have some background in calculus and probability (long-forgotten college courses). I'm hanging on to it for future reference. It's actually possible to learn the material from the book all on your own. All in all, one of the better textbooks out there.


4 out of 5 stars I use this book almost every day   July 20, 2006
 2 out of 2 found this review helpful

I appreciate that many people will be buying this because it has been endorsed by the Society of Actuaries. My review is for those who aren't being compelled to use the book in exam prep. I find "The Science of Uncertainty" to be the most consistently useful of the statistics texts in my office. The examples are clear, it has the right equations, and it's well organized.br /br /Some people here are complaining of inaccuracies but they provide no examples and, frankly, I've never noticed a problem.br /br /I like that authors provided an appendix explaining how to manipulate the distributions they discuss in the book using Mathematica. This was not new to me, but I can imagine it would save others some headaches.


5 out of 5 stars Excellent for SOA exam P   May 26, 2005
 9 out of 10 found this review helpful

I used this book to study for SOA exam P and loved it! If you already have some background in statistics and probability, this is the book to go. It will fill in the blanks left by your average school textbook and give you the nesessary coverage of the exam material.


3 out of 5 stars A hard book to digest   January 17, 2005
 6 out of 11 found this review helpful

As a statistics graduate, I found it hard to understand this book. There are not many friendly examples to help the readers to understand the concepts, even with the help of solution manual. There are some mistakes too.


1 out of 5 stars Not a good learning book   March 2, 2003
 11 out of 23 found this review helpful

Some gaffes in this book, I don't think the author has any real understanding. He even messes up the definition of expectation, and it doesn't get more elementary than that. There are many better probability books out there, don't choose this one.

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