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MATH 3280 3.00AF (Fall 2012)
Mathematics of Life Contingencies I
- Interest rate theory (MATH 2280 or equivalent)
- Probability (MATH 2030 and MATH 2131)
Lectures: MW 1-2:20 in ACW 303 (Accolade West)
Tutorial: F 1:30-2:20 in ACW 307.
The lectures will go through the theory. Tutorials will be used for some quizzes and midterms, but otherwise for going through examples. You are expected to attend both lectures and tutorials.
Department of Mathematics and Statistics
- Departmental office: N520 Ross Building, (416) 736-5250,
FAX: (416) 736-5757
- Undergraduate Program office: N502/503 Ross Building, (416) 736-5902
- Math/Stat lab: S525 Ross Building
Wednesdays 10:30-12:30, or by appointment.
Actuarial Mathematics by Bowers, Gerber, Hickman, Jones, Nesbitt. 2nd edition, SoA (1997).
This has been the reference for SoA exam MLC for years. Late in the summer, the SoA changed the reference text, but we will stick with the above book in
both MATH 3280 and MATH 3281 this year.
- 15% Midterm exam (Tentative date: Friday October 12)
- 20% Midterm exam (Tentative date: Wednesday November 7)
- 15% Quizzes (Tentative dates: Friday September 28, Wednesday October 24, Friday November 23)
- 10% Assignments (roughly 7 or 8)
- 40% Final exam
- Restrictions on TA hours mean that only a
selection of the assigned problems will be marked.
- No late assignments will normally be accepted, but I will
drop everybody's worst assignment mark.
- Assignments may be handed in in class
or dropped in the course mailbox (one of the brown boxes by the
north elevator of the 5th floor of Ross will soon have our course
number on it).
- All assignment and exam marks should be interpreted
as raw scores and not "percentages". Cutoffs will be announced for
converting midterm scores into letter grades. The distribution of
scores will be announced for both the midterms.
- There will be no makeup midterm examinations. If you miss ar
midterm exam due to illness, and can supply an
acceptable note from your doctor, then I will give more weight to
your final examination results. This will be done by calculating
an equivalent midterm score based on your ranking on the final.
- Students are responsible for reviewing York's policies concerning
This course is a key component of the actuarial program. Along with MATH 3281
and either MATH 4430 or MATH 4431, it should prepare students for exam MLC of
the Society of Actuaries. We cover the application of probability to
life insurance, emphasizing life tables, hazard rates, single life/joint life/
last survivor policies, survival distributions, and multiple decrement theory.
In addition to the text, you may wish to consult Actuarial Mathematics for Life Contingencies by Dickson, Hardy, and Waters (Cambridge 2009), which will be the reference text for future versions of exam MLC.