Temple University 3 credits AS
The course discusses probability theory and its application to insurance and risk management problems. Topics covered include: probability laws, combinatorics, conditional probability and independence, Bayes' Theorem, discrete and continuous random variables, common discrete and continuous distributions and their applications, multivariate discrete random variables, distribution of order statistics, linear combinations of independent random variables, and basic insurance concepts of deductibles, coinsurance, benefit limits, and inflation. Prior to spring 2016, the course title was "Introduction to Actuarial Science." Prior to fall 2022, the course title was "Actuarial Probability and Statistics I."
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