STAT1005 ACTUARIAL SCIENCE 1 (HC) (12 OR 18 POINTS) First qualifying course
The Theory of Interest; Simple and Compound, Effective and Nominal Rates of Interest; Discounting and the Rate of Discount; Equations of Value; Annuity Theory; Analysis of the Annuity; Sinking Funds; The Force of Interest; Introduction to the Mathematics of Finance; Fixed Interest Securities; Life Table Theory; Elementary Demography; An Introduction to computer based actuarial applications.
STAT1003 MATHEMATICAL STATISTICS 1 (HC) (12 OR 18 POINTS) First qualifying course
Descriptive Statistical Techniques; Counting Methods; Permutations and Combinations; Probability; Basic Concepts; Bayes Theorem. Discrete and Continuous Random Variables; Binominal; Poisson; Geometric; Hypergeometric; Normal and Exponential distribution. Introduction to Inference; Confidence Intervals and Hypothesis Testing on means and proportions. Correlation and Regression; Least Squares Fitting of Lines and Planes; Inference on Regression. Introduction to contingency tables.
