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Actuarial science applies the mathematics of probability and statistics to define, analyze, and solve the financial implications of uncertain future events. Traditional actuarial science largely ...
An actuarial life table is a table or spreadsheet that shows the probability of a person at a certain age dying before their next birthday. It's often used by life insurance companies to ...
As an actuarial science minor, your courses will focus on a number of interrelating subjects, including probability and statistics, finance and economics. The minor requires a minimum of 21 credits, ...
offers a family of probability spaces which support threshold exceedances and is thus suitable for modelling high-end actuarial risks. Nonetheless, its distributional continuity presents a ...