Jul 31, 2021  
2020-2021 Undergraduate Catalog 
    
2020-2021 Undergraduate Catalog [NOTE!!!! THIS IS AN ARCHIVED CATALOG. FOR THE CURRENT CATALOG, GO TO CATALOG.NIU.EDU]

ACSC 405 - Quantitative Methods for Actuaries


Multivariate distributions, transformations of random variables, conditioning for joint distributions, random sums, finite-dimensional properties of discrete-time Markov chains, homogeneous, and non-homogeneous, Poisson and compound Poisson processes, thinning and summing of independent Poisson processes. Together with STAT 400/ACSC 400X, covers the learning outcomes in the exam P of the Society of Actuaries (SOA), which is also the Exam 1 of the Casualty Actuarial Society (CAS).

Prerequisites & Notes
PRQ: STAT 400 or ACSC 400X or consent of department. 

Credits: 3