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YA Study Manual for SOA Exam P 2024

Author : Young Choon Kim

Publisher : Young Advisory

Page : 375 pages

File Size : 49,81 MB

Release : 2023-05-11

Category : Study Aids

ISBN :

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Book Description

Updated with All Official Questions! The YA Study Manual for SOA Exam P is a comprehensive guide incorporating all official sample questions released by the SOA, including the latest 39 questions (Questions 447-485) added on April 8, 2024. This latest edition ensures you have access to the most up-to-date preparation material for your upcoming exam. Don't miss out on practicing these brand new officially released questions! -------------------------------- [How To Use This Book] Introduction: Congratulations on your decision to become an actuary! The path ahead is long and challenging, but the rewards are great. Actuaries are among the most respected and well-paid professionals, and their work has a profound impact on society. This book is designed to help you prepare for Exam P, the first of several exams that you will need to pass in order to become an actuary. Exam P is focused on probability theory, which is a foundation of actuarial science. Without a solid understanding of probability, it will be difficult to succeed in subsequent exams and in your career as an actuary. Problem-solving vs. Conceptual Understanding: Many test takers prepare for Exam P by focusing solely on mechanical problem-solving techniques, without taking the time to develop a deep understanding of the underlying concepts. While this approach may be sufficient to pass Exam P, it can be detrimental in the long run. Actuaries are not just problem solvers; they are also critical thinkers who must be able to apply their knowledge to real-world situations. Our goal in this book is to help you develop both problem-solving skills and a strong conceptual foundation in probability theory. We believe that the best way to achieve this is by solving high-quality problems that require both mathematical and critical thinking. We have selected a set of sample problems from the Society of Actuaries (SOA) that we believe represent the core concepts of probability theory. The Structure of the Book: This book is divided into two parts. The first part covers the fundamental concepts of probability theory, including the basic rules of probability, random variables, distributions, and expected values. The second part contains a set of high-quality sample problems that cover a range of topics in probability theory. Each problem is fully explained and solved in detail, so you can follow the logic and understand the reasoning behind the solution. This book is not designed to help you achieve a perfect score on Exam P. Instead, our goal is to help you develop a deep understanding of probability theory that will serve you well throughout your career as an actuary. If you study the material in this book carefully and work through the sample problems, you should have no problem achieving a passable score on Exam P and laying a strong foundation for future exams. Conclusion: We wish you all the best in your journey to become an actuary. We know that it will be a long and challenging road, but we believe that the rewards are worth it. With hard work, perseverance, and a deep understanding of probability theory, you can achieve your goals and make a positive impact on the world. Good luck!



Understanding Machine Learning

Author : Shai Shalev-Shwartz

Publisher : Cambridge University Press

Page : 415 pages

File Size : 28,66 MB

Release : 2014-05-19

Category : Computers

ISBN : 1107057132

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Book Description

Introduces machine learning and its algorithmic paradigms, explaining the principles behind automated learning approaches and the considerations underlying their usage.





Aeronautical Engineer's Data Book

Author : Cliff Matthews

Publisher : Elsevier

Page : 282 pages

File Size : 49,15 MB

Release : 2001-10-17

Category : Technology & Engineering

ISBN : 0080488285

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Book Description

Aeronautical Engineer's Data Bookis an essential handy guide containing useful up to date information regularly needed by the student or practising engineer. Covering all aspects of aircraft, both fixed wing and rotary craft, this pocket book provides quick access to useful aeronautical engineering data and sources of information for further in-depth information. - Quick reference to essential data - Most up to date information available



ACTEX Study Manual for SOA Exam P

Author : Samuel A. Broverman

Publisher :

Page : 0 pages

File Size : 47,28 MB

Release : 2022

Category : Actuaries

ISBN : 9781647567408

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Book Description

The study guide is designed to help in the preparation for the Society of Actuaries Exam P. The study manual is divided into two main parts. It will be most effective for those who have had courses in college calculus at least to the sophomore level and courses in probability to the sophomore or junior level.



Financial Mathematics

Author : Olivier Le Courtois

Publisher :

Page : 134 pages

File Size : 33,42 MB

Release : 2019-08-11

Category :

ISBN : 9781099200199

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Book Description

This books presents in a very compact way the fundamental aspects of financial mathematics. It provides the key concepts and tools a student needs to master the Exam FM of the Society of Actuaries (SOA) and the Exam 2 of the Casualty Actuarial Society (CAS). This text benefits from the vision and experience of the author, who is a professor who has taught finance, insurance, and risk management for many years. The author is also a Fellow of the Society of Actuaries. Students interested in econometrics, finance, statistics, mathematics, or other fields, will also find this book a useful tool to help them further their studies. This book can also be warmly recommended as a prerequisite reading to the students who consider taking, or are in the process of taking, the Chartered Financial Analyst (CFA) exams. Indeed, the fixed income and company valuation material studied in the CFA syllabus is fundamentally based on the financial mathematics results shown in this book. This text does not just present the material; it furthers an understanding of the foundations of financial mathematics. This book does not include exercises because it is designed to be used with the (long) series of exercises made freely available by the Society of Actuaries. The tables in the appendix link the exercises of the Society of Actuaries with the equations in the book. These tables can be a very convenient tool for providing hints for the exercises that the student cannot solve - instead of going directly to the solutions. The order in which the contents of this book are presented mostly respects the order of the Society of Actuaries and Casualty Actuarial Society syllabi. Very few adjustments were made to this order and they were done for pedagogical improvement reasons only. This text is the second one in a series dedicated to actuarial associateship exams. In each of these books, conceptual links between the contents of the various exams are provided. This book was also written in such a way that you can use it throughout your career. This book is the book the author would have liked to have when he took the Exam FM of the Society of Actuaries. It contains all the formulas that are useful to solve the official exercises of the SOA. This book is compact, theoretically solid, and not verbose. To benefit fully from this book, a mathematical background of at least one year of calculus after A-level is needed.



Probability Theory

Author : Olivier Le Courtois

Publisher : Createspace Independent Publishing Platform

Page : 64 pages

File Size : 38,31 MB

Release : 2018-01-29

Category :

ISBN : 9781979807982

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Book Description

This books presents in a very compact way the fundamental aspects of probability theory. It provides the key concepts and tools a student needs to master the Exam P of the Society of Actuaries (SOA) and the Exam 1 of the Casualty Actuarial Society (CAS). This text benefits from the vision and experience of the author, who is a professor who has taught probability theory in finance, insurance, and risk management for many years. The author is also a Fellow of the Society of Actuaries. Students interested in economics, finance, statistics, mathematics, or other fields, will also find this book a useful tool to help them further their studies. This book can also be warmly recommended as a prerequisite reading to the students who consider taking, or are in the process of taking, the Chartered Financial Analyst (CFA) exams. Indeed, the statistics and portfolio management material studied in the CFA syllabus is fundamentally based on the probability results shown in this book. This text does not just present the material; it furthers an understanding of the foundations of probability theory. This book does not include exercises because it is designed to be used with the (long) series of exercises made freely available by the Society of Actuaries. The tables in the appendix link the exercises of the Society of Actuaries with the equations in the book. These tables can be a very convenient tool for providing hints for the exercises that the student cannot solve - instead of going directly to the solutions. The order in which the contents of this book are presented mostly respects the order of the Society of Actuaries and Casualty Actuarial Society syllabi. Very few adjustments were made to this order and they were done for pedagogical improvement reasons only. This text is the first one in a series dedicated to actuarial associateship exams. In each of these books, conceptual links between the contents of the various exams are provided. This book was also written in such a way that you can use it throughout your career. This book is the book the author would have liked to have when he took the Exam P of the Society of Actuaries. It contains all the formulas that are useful to solve the official exercises of the SOA. This book is compact, theoretically solid, and not verbose. Get a first view of the contents: Click on Look Inside!



SOA Exam FM

Author : Harold Cherry

Publisher :

Page : 629 pages

File Size : 14,12 MB

Release : 2017

Category : Actuaries

ISBN : 9781635880946

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Book Description

"The 12th edition of the manual has the following features: •The manual has been revised and updated to conform to the new syllabus for the June 2017 and subsequent exams. •The concepts of financial mathematics are explained in plain English, in a manner that appeals to your intuition and common sense. •The manual shows you tricks and shortcuts for various types of problems, warns you about common traps that students fall into, and tells you how to avoid them. •Over 1,000 problems with detailed solutions, about half of them from prior SOA/CAS exams and half that are original to the manual. •After each topic there are examples called “Stepping Stones” that are designed to tell you whether you have understood what you have just read, and to serve as a bridge to more difficult exam-level problems. •There is a summary of the key concepts and formulas after each topic. •There are 9 sets of Calculator Notes that give you detailed instructions for using the BA II Plus calculator. •Six original full-length (35 questions) practice exams, with complete solutions are included. •Over 600 pages in all."--Résumé de l'éditeur.



Why Forests? Why Now?

Author : Frances Seymour

Publisher : Brookings Institution Press

Page : 389 pages

File Size : 26,88 MB

Release : 2016-12-27

Category : Business & Economics

ISBN : 1933286865

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Book Description

Tropical forests are an undervalued asset in meeting the greatest global challenges of our time—averting climate change and promoting development. Despite their importance, tropical forests and their ecosystems are being destroyed at a high and even increasing rate in most forest-rich countries. The good news is that the science, economics, and politics are aligned to support a major international effort over the next five years to reverse tropical deforestation. Why Forests? Why Now? synthesizes the latest evidence on the importance of tropical forests in a way that is accessible to anyone interested in climate change and development and to readers already familiar with the problem of deforestation. It makes the case to decisionmakers in rich countries that rewarding developing countries for protecting their forests is urgent, affordable, and achievable.



Financial Mathematics For Actuaries (Third Edition)

Author : Wai-sum Chan

Publisher : World Scientific

Page : 366 pages

File Size : 38,57 MB

Release : 2021-09-14

Category : Business & Economics

ISBN : 9811243298

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Book Description

This book provides a thorough understanding of the fundamental concepts of financial mathematics essential for the evaluation of any financial product and instrument. Mastering concepts of present and future values of streams of cash flows under different interest rate environments is core for actuaries and financial economists. This book covers the body of knowledge required by the Society of Actuaries (SOA) for its Financial Mathematics (FM) Exam.The third edition includes major changes such as an addition of an 'R Laboratory' section in each chapter, except for Chapter 9. These sections provide R codes to do various computations, which will facilitate students to apply conceptual knowledge. Additionally, key definitions have been revised and the theme structure has been altered. Students studying undergraduate courses on financial mathematics for actuaries will find this book useful. This book offers numerous examples and exercises, some of which are adapted from previous SOA FM Exams. It is also useful for students preparing for the actuarial professional exams through self-study.