A comprehensive look at how probability and statistics is appliedto the investment processFinance has become increasingly more quantitative, drawing ontechniques in probability and statistics that many financepractitioners have not had exposure to before. In order to keep up,you need a firm understanding of this discipline.Probability and Statistics for Finance addresses this issueby showing you how to apply quantitative methods to portfolios, andin all matter of your practices, in a clear, concise manner.Informative and accessible, this guide starts off with the basicsand builds to an intermediate level of mastery.* Outlines an array of topics inprobability and statistics and how to apply them in the world offinance* Includes detailed discussions ofdescriptive statistics, basic probability theory, inductivestatistics, and multivariate analysis* Offers real-world illustrations of theissues addressed throughout the textThe authors cover a wide range of topics in this book, which can beused by all finance professionals as well as students aspiring toenter the field of finance.