Jun 24, 2024  
2021-2022 Undergraduate Catalog 
    
2021-2022 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. Prepares students in the relevant quantitative methods required by the professional actuarial exams, which are not well covered by other courses.

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

Credits: 3