ACSI 4140 - Mathematical Foundations of Actuarial Science3 credit hours
Prerequisites: MATH 3020 (or MATH 3110 ) and STAT 3150 ; or consent of instructor. Integrates calculus, probability, and risk management topics into fundamental tools for assessing risk in an actuarial environment. Calculus and probability topics include derivatives, integrals, partials, random variables, distributions, and conditional probability. Risk topics include frequency and severity. Insurance concepts such as retention, deductible, coinsurance, and risk premiums. For students in Actuarial Science, a preparatory course for the Society of Actuaries/Casualty Actuarial Society Course/Exam 1.
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