Probability and Mathematical Statistics
Area of Study
Business, Business Administration, Business Management, Management Science, Mathematics, Statistics
Taught In English
PrerequisitesACTL1101 and MATH1251
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
OverviewThis course covers probability and statistics topics relevant to actuarial studies. Topics covered include univariate/multivariate random variables, moments, probability generating functions, moment generating functions, marginal and conditional distributions, sampling distributions, estimation methods, hypothesis tests, regression, analysis of variance. Examples relevant to actuarial studies, finance and insurance are used to illustrate the application of the topics covered.
Courses and course hours of instruction are subject to change.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.