ACTS 401 - Problem Lab:Basic Actuarial Applications of Probability

Institution:

University of Nebraska-Lincoln

Subject:

Description:

(1 cr) Lab 1. Prereq: MATH 208/208H and STAT 462, or parallel, and both with a grade of "Pass" or "C" or betteCalculus-based probability, both univariate and multivariate, applications to risk management-related problems. Problems as posed in the Society of Actuaries ( SOA) Exam "P? ?and/or Casualty Actuarial Society ( CAS) Exam "1" . Determination ofloss frequency distributions and their characteristics, expected value, variance, and percentiles. Determination of loss severity distributions and their characteristics, expected value, variance, and percentiles. Determination of loss sharing parameters, deductibles, and maximum payments.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lab

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.unl.edu/

Phone Number:

(402) 472-7211

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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