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.

Summer 2025

49 reviews
Average rating: 4.80

Spring 2025

185 reviews
Average rating: 3.98

20 reviews
Average rating: 2.35

Fall 2024

185 reviews
Average rating: 3.98

20 reviews
Average rating: 2.35

Spring 2024

185 reviews
Average rating: 3.98

20 reviews
Average rating: 2.35

Past Semesters

98 reviews
Average rating: 3.68

49 reviews
Average rating: 4.80

0 reviews
Average rating: N/A

185 reviews
Average rating: 3.98

185 reviews
Average rating: 3.98

49 reviews
Average rating: 4.80

185 reviews
Average rating: 3.98

20 reviews
Average rating: 2.35

49 reviews
Average rating: 4.80

185 reviews
Average rating: 3.98

20 reviews
Average rating: 2.35

49 reviews
Average rating: 4.80

185 reviews
Average rating: 3.98

185 reviews
Average rating: 3.98

20 reviews
Average rating: 2.35

* "W"s are considered to be 0.0 quality points. "Other" grades are not factored into GPA calculation. Grade data not guaranteed to be correct.