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# MATH 3280 3.00AF (Fall 2013)

*Mathematics of Life Contingencies I*

Course Outline

### Prerequisites:

- Interest rate theory (MATH 2280 or equivalent)
- Probability (MATH 2030 and MATH 2131)

### Course Webpage

www.math.yorku.ca/~salt/courses/3280f13/3280.html
### Lectures:

Lectures: MW 1-2:20 in ACW 304 (Accolade West)

Tutorial: F 1:30-2:20 in ACW 305.

We will mainly use the lectures for theory and the tutorials for going over examples. But there isn't always a clear division between the two, and students are responsible for what is covered in both. Midterms will take place during the
tutorial period.
### Instructor/Contact Information:

Tom Salisbury
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

### Office hours:

Fridays 12:30-1:20, or by appointment.
### Text:

*Actuarial Mathematics for Life Contingencies* by Dickson, Hardy, Waters
(2nd edition)

This is the reference for SoA exam MLC
### Grading:

- 15% Midterm exam (Tentative date: Friday October 11)
- 15% Midterm exam (Tentative date: Friday November 15)
- 15% Quizzes (Tentative dates: Monday September 30, Friday October 25,
Wednesday November 27)
- 15% 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 other examination amd test results. This will be done by
calculating
an equivalent midterm score based on your ranking on the latter.
- Students are responsible for reviewing York's policies concerning
academic integrity.

### Course description:

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.