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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4.04
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Fall 2025
206 reviews
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4.04
Summer 2025
54 reviews
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4.81
Spring 2025
206 reviews
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4.04
23 reviews
Average rating:
2.30
Past Semesters
100 reviews
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3.70
54 reviews
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4.81
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206 reviews
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4.04
206 reviews
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4.04
54 reviews
Average rating:
4.81
206 reviews
Average rating:
4.04
23 reviews
Average rating:
2.30
54 reviews
Average rating:
4.81
206 reviews
Average rating:
4.04
23 reviews
Average rating:
2.30
54 reviews
Average rating:
4.81
206 reviews
Average rating:
4.04
206 reviews
Average rating:
4.04
23 reviews
Average rating:
2.30
206 reviews
Average rating:
4.04
23 reviews
Average rating:
2.30
206 reviews
Average rating:
4.04
23 reviews
Average rating:
2.30