MATH 5229 - Actuarial Science IIB
Long-Term Actuarial Mathematics. Reserves: net and gross premium reserves, variance of loss; Markov chains: discrete and continuous probabilities, applications to premiums and reserves; Multiple decrement models; Multiple lives: joint life, last survivor, and contingent probabilities; Estimating mortality rates; Pensions and Profit Measures. This course is the second of two preparatory courses for Actuarial Exam LTAM.
Credit Hours: (3)
Prerequisite(s): MATH 5228 with grade of C or above; or permission of department.
Cross-listed Course(s): MATH 4229
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