Deals with record values and branching processes as rich research areas of applied probability and statistics. This book presents a selection of presentations of developments and survey papers on the subjects of record values and branching processes.

This book is written for people who are interested to know the basics of probability theory. The basic knowledge of high school math will be enough to know the probability theory covered in the book. It covers basic theories of probability, statistical distributions, order statistics and record values, The use of characterization methods are described to identify various probability distributions. The book will be useful for undergraduate, graduate students and applied statisticians.