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 2025
188 reviews
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4.00
Summer 2025
50 reviews
Average rating:
4.80
Spring 2025
188 reviews
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4.00
21 reviews
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2.29
Fall 2024
188 reviews
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4.00
21 reviews
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2.29
Spring 2024
188 reviews
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4.00
21 reviews
Average rating:
2.29
Past Semesters
98 reviews
Average rating:
3.68
50 reviews
Average rating:
4.80
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N/A
188 reviews
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4.00
188 reviews
Average rating:
4.00
50 reviews
Average rating:
4.80
188 reviews
Average rating:
4.00
21 reviews
Average rating:
2.29
50 reviews
Average rating:
4.80
188 reviews
Average rating:
4.00
21 reviews
Average rating:
2.29
50 reviews
Average rating:
4.80
188 reviews
Average rating:
4.00
188 reviews
Average rating:
4.00
21 reviews
Average rating:
2.29