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.
Spring 2026
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Summer 2025
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Spring 2025
207 reviews
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2.30
Past Semesters
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207 reviews
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207 reviews
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55 reviews
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4.82
207 reviews
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4.02
23 reviews
Average rating:
2.30
55 reviews
Average rating:
4.82
207 reviews
Average rating:
4.02
23 reviews
Average rating:
2.30
55 reviews
Average rating:
4.82
207 reviews
Average rating:
4.02
207 reviews
Average rating:
4.02
23 reviews
Average rating:
2.30
207 reviews
Average rating:
4.02
23 reviews
Average rating:
2.30
207 reviews
Average rating:
4.02
23 reviews
Average rating:
2.30