The document defines stochastic processes and their basic properties such as stationarity and ergodicity. It discusses analyzing systems using stochastic processes, including how the power spectrum represents the frequency content of a wide-sense stationary process. The power spectrum is the Fourier transform of the autocorrelation function, and the power spectrum of the output of a linear, time-invariant system is equal to the multiplication of the input power spectrum and the transfer function of the system.