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 2024
158 reviews
Average rating:
4.15
13 reviews
Average rating:
3.00
Spring 2024
158 reviews
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4.15
13 reviews
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3.00
Fall 2023
158 reviews
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4.15
13 reviews
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3.00
Summer 2023
158 reviews
Average rating:
4.15
Spring 2023
158 reviews
Average rating:
4.15
13 reviews
Average rating:
3.00
Past Semesters
82 reviews
Average rating:
3.76
43 reviews
Average rating:
4.81
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N/A
158 reviews
Average rating:
4.15
158 reviews
Average rating:
4.15
43 reviews
Average rating:
4.81
158 reviews
Average rating:
4.15
13 reviews
Average rating:
3.00
43 reviews
Average rating:
4.81
43 reviews
Average rating:
4.81