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  • Exam-P and Probability Theory

    Is Exam P mostly Probability Theory. How much of Exam P would be covered in your typical 1 quarter Probability Theory course.


    Also has the September CBT of Exam P been cancelled?

  • #2
    Originally posted by DVK916
    Is Exam P mostly Probability Theory. How much of Exam P would be covered in your typical 1 quarter Probability Theory course.


    Also has the September CBT of Exam P been cancelled?
    It is just probability theory.

    How much of Exam P is covered would depend on the type of class you're taking. If you're taking a discrete probability class, then a small part of the class will cover Exam P. You'll need to take a calculus-based probability class (continuous distributions) in order to see most of the stuff on Exam P.

    If you don't want to take a class, or you're not able to, you can always self-study the material.

    As for the September CBT of Exam P, it will still go on - just that the SOA might have their hands a little more full with the first administration of the new exams and the VEE applications that are probably rolling in.

    Comment


    • #3
      Originally posted by wat
      It is just probability theory.

      How much of Exam P is covered would depend on the type of class you're taking. If you're taking a discrete probability class, then a small part of the class will cover Exam P. You'll need to take a calculus-based probability class (continuous distributions) in order to see most of the stuff on Exam P.

      If you don't want to take a class, or you're not able to, you can always self-study the material.

      As for the September CBT of Exam P, it will still go on - just that the SOA might have their hands a little more full with the first administration of the new exams and the VEE applications that are probably rolling in.

      This is a discription of the course, does this look like it would cover a significant amount of the material on the exam.

      "Fundamental concepts of probability theory, discrete and continuous random variables, standard distributions, moments and moment-generating functions, laws of large numbers and the central limit theorem."

      Comment


      • #4
        Originally posted by DVK916
        This is a discription of the course, does this look like it would cover a significant amount of the material on the exam.

        "Fundamental concepts of probability theory, discrete and continuous random variables, standard distributions, moments and moment-generating functions, laws of large numbers and the central limit theorem."
        That sounds like a good course. If I had to be picky about the description of the course, I would say a couple things:

        1) There are several distributions (mostly continuous) that found their way onto Exam P that weren't there before 2005. Weibull and Pareto are a couple that come to mind. The continuous probability class I took in college didn't deal with those, so keep in mind that there may be other distributions you should feel more comfortable with before taking Exam P.

        2) Moment-generating functions, for Course 1, rarely showed up. Maybe 1 out of 40 questions dealt with moment-generating functions, and in my opinion, it wasn't worth the effort to thoroughly understand them at that point. Of course, the syllabus has changed significantly, so I wouldn't be surprised if they throw in a few more mgf questions in May.

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        • #5
          New material

          There are two important topics missing in the class description that are on exam P:

          - Multivariate normal distribution (was NOT on exam 1),

          - Risk and insurance applications.

          You want to make certain you study these. Why don't you download a free
          sample exam at: http://www.studymanuals.com/exam1.htm and see how
          you feel about it.

          Yours,
          Want to know how to pass actuarial exams? Go to: smartURL.it/pass

          Comment

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