STAT 334Probability Models for Business and Accounting
- Units
- 0.50
- Faculty
- Mathematics
- Subject
- Statistics
When it runs
- F24
- W25
- S25
- F25
- W26
- S26
- F26
- W27
- S27
Ran in 5 of the last 7 terms. Winter 2027: not on the schedule. Spring 2027: schedule not out yet.
Random variables and distribution theory, conditional expectations, moment and probability generating functions, change of variables, random walks, Markov chains, Markov processes.
Prerequisites
- Complete all of the following
- Must have completed at least 1 of the following:
- Must have completed at least 1 of the following:
- Complete 1 of the following
- Enrolled in H-BBA & BMath Double Degree, H-Mathematics/Business Administration, or H-Mathematics/Chartered Professional Accountancy
Antirequisites
Leads to
Fall 2026 sections
| Section | Class | Enrolled | Meets |
|---|---|---|---|
| LEC 001 | 6134 | 31 / 75 | TTh 08:30–09:50 |
| TUT 101 | 6565 | 31 / 75 | F 14:30–15:20 |
Reviewed on UW Flow
70% liked it35% easy67% useful
From 20 ratings and 6 comments on UW Flow. The most helpful comments, quoted as written, without names. Read them all on UW Flow.
One of my better courses this term. There was a group project which was one of my favorite aspects of the course. Simply applying what we learnt in class to a real life scenario. Material is not particularly challenging, but useful nonetheless. Very few theorems and proofs, etc. It's designed for business students and that's the way it's taught, with more emphasis on applications and examples.
Jul 2016 · liked it · 2 found this helpfulOn UW FlowRemove this
application without theory is strange
Apr 2026 · didn’t like itOn UW FlowRemove this
engaging teaching methods, great prof felt like she really cared. most of the material is review and nothing burger tho
Dec 2025 · liked itOn UW FlowRemove this
Course content covers half of STAT 330 and half of STAT 333 but is taught and tested in a much easier way. Regularly attending lectures reallly helps with grades , as the majority of assignment and exam problems derived from in-class examples. A very chill course overall, since it's designed for Math/Bus rather than Stats students, but you wouldn't learn much nevertheless
Jan 2025 · liked itOn UW FlowRemove this
Pretty light in terms of workload, and the grading scheme makes it really easy to get a decent mark. Diana is the goat
Sep 2023 · liked itOn UW FlowRemove this
Discussed on r/uwaterloo
40 posts and comments in 36 threads mention STAT 334, August 2014 to December 2024. Quoted word for word, newest first; each reply sits under the post and the comment that started its branch. Search r/uwaterloo for newer posts.
Fall 2024
Easy 300/400 STATS courses for Winter 2025 term? 5 points, 4 comments
u/FewEntertainment1066: “… didn't do well) STAT 332 - Sampling and Experimental Design STAT 333 - Applied Probability STAT 334 - Probability Models for Business and Accounting STAT 337 - Introduction to Biostatistics STAT 340 - Computer Simulation of Complex Systems STAT 341 - Computational Statistics and …”
Fall 2023
Stat 334 final 2 points, 0 comments
u/Present-Witness6433: “Didn’t see any posts on it, but how does everyone think they did? Personally, I was not confident in that performance at all.”
Winter 2023
stat 334 spring 2023 1 point, 0 comments
u/abhi_bhara: “Anyone know if stat 334 tutorials are mandatory? and if the final is in person?”
Fall 2022
Need insight on these courses 3 points, 1 comment
u/yesilovegeese1: “… - STAT 334 - AMATH 331 - CO 372 - STAT 340 - CS 335 Thanks in advance!”
STAT 330 or STAT 334 2 points, 1 comment
u/jeezsl: “Which one is relatively "easier"?”
u/onlyinsurance-ca: “… I don't know stat 334, but 330 is either 'easy' or 'medium', depending on the prof. When I took it, it was just a rehash of 230/231, definitely the easiest stats course I took. Subsequently I've seen posts from people taking 330 who said it was a bit more difficult. …”
Winter 2022
stat 334 first or stat 371 first？ 3 points, 3 comments
u/csiisama: “Im a FARM student and have just finished stat 231. Which one of the above stats course relies heavier on stat231/230 notes? Thanks for any suggestions!”
Fall 2021
Co250 1 point, 3 comments
u/lickmydoodoo: “Anyone taking co250 or stat334?”
Spring 2021
Course difficulties 5 points, 1 comment
u/mythtune: “Does anyone know the level of difficulty and expected averages for each of the following courses: -STAT 371 -STAT334 -MATBUS471”
Math Vs. Farm 6 points, 10 comments
“Hi, I was given an offer for coop math and coop FARM and can't quite decide which to go to. I am very interested in quantitative finance and I know both options are a good way to get there. …”
u/alexeirubichinsky: “… FARM : Takes MATH 137, 138 and 237 and applied real analysis (amath/pmath 331) along with STAT 334 Probability Models for Business and Accounting or a combination STAT 330 Mathematical Statistics and STAT 333 Stochastic Processes 1 Math Fin: Takes MATH 247, 248, 247 and PMATH …”
Winter 2021
Help to choose Mathematics major 5 points, 4 comments
“Hi, I need upper year students views on which major should I choose if I have no interest in computers and which major will be the best choice for me? …”
u/PresentBlock1035: “If you choose FARM you get a STAT minor for free if you choose STAT 330 + 333 instead of STAT 334; and you only need 3 more STAT courses to get a STAT major so I just go for the major.”
Spring 2020
STAT 334 Group chat 3 points, 0 comments
u/GaloisDuellingPistol: “Anyone looking to discuss stuff for STAT 334?”
Winter 2020
Easy 300/400 STATS courses for Spring term? 4 points, 26 comments
u/StatSleuth: “… didn't do well) STAT 332 - Sampling and Experimental Design STAT 333 - Applied Probability STAT 334 - Probability Models for Business and Accounting STAT 337 - Introduction to Biostatistics STAT 340 - Computer Simulation of Complex Systems STAT 341 - Computational Statistics and …”
Check it elsewhere for Fall 2026
- Undergraduate Calendar, 2026–27The official entry
- Requirements for Fall 2026Waterloo’s requisite checker
- Schedule of Classes, Fall 2026Instructors, rooms, live seats
- Quest Class SearchWhere you enrol
- Course outlinesSyllabi from past terms (UW login)
- UW FlowStudent ratings and reviews
- WClassesPast sections back to 2004, and who taught them