STAT 481 - Probabilistic Foundations in Actuarial Science

Institution:

Northern Illinois University

Subject:

Description:

Actuarial populations. Univariate parametric actuarial distributions including Weibull and Pareto. Multivariate actuarial distributions. Exact and asymptotic relationships among these distributions. Mixtures of distributions. Jointly discrete, continuous, and mixed distributions. Moment, cumulant, and probability generating functions. Transformations of variables, and in-depth study of conditioning, for multivariate distributions. Basic theory of individual and collective risk models for aggregate loss from insurance policies. Prerequisites & Notes PRQ: STAT 470 or consent of division. Credits: 3

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.niu.edu

Phone Number:

(800) 892-3050

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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