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ST 412 Long-Term Actuarial Models
Long-term probability models for risk management systems. Theory and applications of compound interest, probability distributions of failure time random variables, present value models of future contingent cash flows, applications to insurance, health care, credit risk, environmental risk, consumer behavior and warranties.
Prerequisite: 惭础听241 or 惭础听231, Corequisite: 惭础听421, BUS(ST) 350, ST 301, ST 305, 厂罢听311, ST 361, 厂罢听370, 厂罢听371, ST 380 or equivalent
Typically offered in Fall only