This monograph of carefully collected articles contributed by more than 40 internationally renowned authors and researchers reviews recent developments in theoretical and applied statistical science. In an easy-to-read account of the most current topics, It highlights noteworthy results, illustrates their applications, and points out possible directions for future research. With its account of statistical discoveries, exhaustive references, and many figures and tables, Probability and Statistical Models with Applications is an enlightening collection for probabilists and statisticians, both theoretical and applied.