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Nov 24, 2024
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MATH 5228 - Actuarial Science IIA An introduction to long-term insurance: Survival distribution: probability functions, life tables, force of mortality, mortality laws, life expectancy, select mortality; Insurance: continuous and discrete, moments, percentiles, recursive formulas; Annuities: continuous and discrete, actuarial present and accumulated values, moments, percentiles, recursive formulas; Premiums: net premiums for continuous and discrete insurances, gross premiums, variance of future loss. This course is the first of two preparatory courses for Actuarial Exam LTAM.
Credit Hours: (3) Prerequisite(s): MATH 3122 or STAT 3122, and MATH 3228 with grades of B or above; or permission of department. Cross-listed Course(s): MATH 4228
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