Random variables and distribution theory, conditional expectations, moment and probability generating functions, change of variables, random walks, Markov chains, Markov processes. [Offered F,S] Prereq: MATH 237 or 247, (STAT 230 with a grade of at least 60% or STAT 240); STAT 231 or 241; Business/Math double degree, Mathematics/Accounting or Math/Business students only. Antireq: STAT 330, 333