Introduction to Probability

4 Credits.

This course follows the actuarial Exam P syllabus and learning objectives to prepare students to pass the SOA/CAS Probability Exam. Topics include axioms of probability, discrete and continuous random variables, conditional probability, Bayes’ theorem, Chebyshev's Theorem, Central Limit Theorem, univariate and joint distributions and expectations, loss frequency, loss severity and other risk management concepts. Exam P learning objectives and learning outcomes are emphasized. Recommended Course Background: Calculus II