1 Introduction to Stochastic Models GSLM 54100. 2 Outline memoryless property geometric and exponential V(X) = E[V(X|Y)] + V[E(X|Y)] conditional.
1 Introduction to Stochastic Models GSLM 54100. 2 Outline independence of random variables variance and covariance two useful ideas examples
1 Introduction to Stochastic Models GSLM 54100. 2 Outline discrete-time Markov chain motivation example transient behavior.