Mathematical Foundations of Actuarial Science.

Catalog description

PR: MATH 156 with a minimum grade of C-. Concepts from calculus and probability as they pertain to actuarial sciences. The calculus portion covers limits, derivatives, integrals, power series and polar coordinates. The probability portion covers basic and conditional probability, Bayes' theorem, discrete and continuous variables and distributions, and bivariate distributions. Focus is on word problems of the type covered by the SOA/CAS Exam P/1.