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STAT470

Actuarial Mathematics

Prerequisite: 1 course with a minimum grade of C- from (MATH240, MATH461, MATH341); and 1 course with a minimum grade of C- from (MATH340, MATH241). Recommended: STAT400. Major mathematical ideas involved in calculation of life insurance premiums, including compound interest and present valuation of future income streams; probability distribution and expected values derived from life tables; the interpolation of probability distributions from values estimated at one-year multiples; the 'Law of Large Numbers' describing the regular probabilistic behavior of large populations of independent individuals; and the detailed calculation of expected present values arising in insurance problems.

Fall 2021

17 reviews
Average rating: 4.82

8 reviews
Average rating: 4.00

Past Semesters

8 reviews
Average rating: 4.75

4 reviews
Average rating: 4.00

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Average GPA: 3.28 between 551 students

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