MTH3241 Random processes in the sciences and engineering
Faculty of Science
MTH3241 Random processes in the sciences and engineering is a level 3, 6-credit-point, undergraduate unit from the Faculty of Science, offered in 2020 in Semester 1 at Clayton. It has no prerequisites and unlocks 2 units.
- Credit points
- 6
- Offered in 2020
- Semester 1
- Clayton
This is the 2020 handbook entry. See the 2027 entry.
Reviews
No reviews yetNo reviews yet. Be the first to review MTH3241.
Requisites
Before MTH3241
No prerequisites or corequisites besides the enrolment rules below.
After MTH3241
2 units list MTH3241 as a prerequisite or corequisite.
Overview
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 you 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.
Offerings in 2020
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
| First semester (Fully flex) | Clayton | Flexible |
Learning outcomes
When you finish this unit, you should be able to:
- 1
Understand the idea of random variables varying with time;
- 2
Analyse Markov chains at the elementary level, in discrete and continuous time;
- 3
Understand key processes in probability, including the Poisson process, birth process, birth and death process, branching processes, random walks, martingales;
- 4
Apply the probability processes to practical situations, including queues, epidemics, servicing machines, networks, financial markets and insurance risk.
Workload and teaching
Three 1-hour lectures and one 2-hour applied class per week
Where it fits
MTH3241 is part of 7 areas of study in the 2020 handbook.
- APPLMTH07Additional extended major elective unitsApplied mathematicsNo reviews yet
- FININMAT03Level 2 and 3 core unitsFinancial and insurance mathematicsNo reviews yet
- MTHSTAT05Mathematical statistics elective unitsMathematical statisticsNo reviews yet
- MTHSTAT07CoreMathematical statisticsNo reviews yet
- MATHS05Mathematics elective unitsMathematicsNo reviews yet
- MATHS06Mathematics elective unitsMathematicsNo reviews yet
- MATPURE07Pure mathematics elective unitsPure mathematicsNo reviews yet
Contacts
- Unit Coordinators
- Associate Professor Kais Hamza
- Chief Examiners
- Associate Professor Kais Hamza
Common questions
What are the prerequisites for MTH3241?
MTH3241 has no prerequisites, but enrolment rules apply.
What can I take after MTH3241?
MTH3241 is a prerequisite or corequisite for 2 units, including MTH5220 and MTH5230.
When is MTH3241 offered?
In 2020, MTH3241 runs in Semester 1 at Clayton.
Which majors and minors include MTH3241?
MTH3241 is part of Applied mathematics; Financial and insurance mathematics; Mathematical statistics; Mathematics; and Pure mathematics.