This book covers the basic probability of distributions with an emphasis on applications from the areas of investments, insurance, and engineering. Written by a Fellow of the Casualty Actuarial Society and the Society of Actuaries with many years of experience as a university professor and industry practitioner, the book is suitable as a text for senior undergraduate and beginning graduate students in mathematics, statistics, actuarial science, finance, or engineering as well as a reference for practitioners in these fields. This book is one of several recommended by actuarial societies as a means of preparing for an actuarial exam in probability. It is clear, thorough, and pleasant to read. Even for non-actuarial students, the author’s treatment of probability distributions and random variables is definitely worthwhile. --Bill Satzer, University of Minnesota Used Book in Good Condition