This actuarial science course covers introductory probability theory that can be applied to risk management. Topics covered include an introductory examination of descriptive statistics of data sets, the interpretation of histograms, and the development and application of discrete probability models commonly used to model business risk. This course is intended to familiarize learners with the material covered on Exam P from the Society of Actuaries, also known as exam 1 for the Casualty Actuarial Society.
What you'll learn
understanding descriptive statistics
interpreting histograms
developing discrete probability models
applying probability theory to risk management
Course objectives
familiarize with Exam P content
apply probability models to business risk assessment