Applications of Central Limit Theorem

Applications of central limit theorem - Strong law of large numbers, Joint mgf - Convolutions - Stochastic
processes: Markov process - Transition and state probabilities - State prob., First passage and First
return prob - First passage and First return prob. Classification of states - Random walk, periodic and null
states - Reducible Markov chains - Time reversible Markov chains - Poisson Processes - Inter-arrival
times, Properties of Poisson processes - Queuing Models: M/M/I, Birth and death process, Littles
formulae - Analysis of L, Lq ,W and Wq , M/M/S model - M/M/S , M/M/I/K models - M/M/I/K and
M/M/S/K models - Application to reliability theory failure law - Exponential failure law, Weibull law -
Reliability of systems