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Mathematics 350, Summer 2008

Illinois State University – Mathematics Department

Instructors

Dr. Krzysztof Ostaszewski
FSA, CERA, FSAS, CFA, MAAA, 
Actuarial Program Director
Office: Stevenson Hall, room 313G
Telephone: 309-438-7226, Fax: 309-438-5866
E-mail: krzysio@ilstu.edu

Classes Meet

Monday through Thursday, May 19, 2008 — June 26, 2008, 3:00 p.m. — 4:50 p.m., in Williams Hall room 111. There will be some changes in the regular schedule for the final examinations, indicated in the detailed schedule below.

Office Hours

Tuesdays, Wednesdays, and Thursdays 2:00-2:45 p.m. Please ask for an appointment at other times.

Textbooks

You can use either of these books:

ASM Study Manual for the Course P/1 Examination, by Krzysztof M. Ostaszewski, (the first section of this book is posted free at the class web site), or
Modern Mathematical Statistics with Applications, by Jay L. Devore and Kenneth N. Berk.

The books should be available at the ISU Bookstore. If not, please try Alamo II, Actex Publications, The Actuarial Bookstore, or Slide Rule Books. The class will be structured so that you can use any reasonable probability book, as long as it covers the entire material of the Society of Actuaries Course P (same as Casualty Actuarial Society Course 1) examination. Detailed information about the content of that examination is provided here: http://www.casact.org/admissions/syllabus/index.cfm?fa=exam. Older editions of the ASM Manual for Course P/1 Examination are available on reserve at the Milner Library and at the Library of the Department of Mathematics.

Objective

The objective of this class is to help you learn about calculus-based probability theory. The class will cover all of the material tested on the Society of Actuaries Course P examination (same as the Casualty Actuarial Society Course 1 examination).

Grading

There will be six examinations, all comprehensive. There will be no make-up tests. The best one of the six tests can count as your final examination. The final will count as 40% of your grade, and the best two of the remaining tests will count as 30% of your grade each. You will also receive up to 20% extra credit for the best of the your three worst tests. The grading scale will be as follows: 90% or better — A, 80% to 90% — B, 70% to 80% — C, 60% to 70% — D, below 60% — F. Graduate students taking this class for graduate credit will have their scores on tests multiplied by a factor of 0.9, and will be assigned additional work in order to get a graduate-level credit for the class. This additional work must be turned it by Friday, June 13, 2008.

Disability concerns

Any student needing a special accommodation for a documented disability should contact Disability Concerns at Fell Hall, Room 350.

Administrative matters

Once a course has begun, students will need to obtain departmental permission to add a course even if seats are available. Beginning May 13, 2008, students must register in-person at the Student Service & Referral Center, 107 Moulton Hall. Withdrawal dates for summer courses can be found on the Registrar’s Web site at http://www.registrar.ilstu.edu/crd/withdrawal/withdrawsummer.shtml.

Schedule of classes

  • Monday, May 19, 2008. General probability concepts.
  • Tuesday, May 20, 2008. General probability concepts.
  • Wednesday, May 21, 2008. General probability concepts.
  • Thursday, May 22, 2008. General probability concepts.
  • Friday, May 23, 2008. General probability concepts. This will be a special review class, replacing the June 19, 2008 class.
  • Monday, May 26, 2008. Memorial Day Holiday, no class.
  • Tuesday, May 27, 2008. Random variables and probability distributions.
  • Wednesday, May 28, 2008. Random variables and probability distributions.
  • Thursday, May 29, 2008. Random variables and probability distributions.
  • Friday, May 30, 2008. Random variables and probability distributions. This will be a special review class, replacing the June 26, 2008 class.
  • Monday, June 1, 2008. Random variables and probability distributions.
  • Tuesday, June 2, 2008. Multivariate distributions.
  • Wednesday, June 3, 2008. Multivariate distributions.
  • Thursday, June 4, 2008. Multivariate distributions.
  • Friday, June 5, 2008. Multivariate distributions. This will be a special review class, addition to the regular schedule.
  • On Saturday, June 7, 2008 and Sunday, June 8, 2008, the Actuarial Program will hold a special intensive review seminar on the material on Course P/1 actuarial examination. More information is here. All students in this class can take that seminar at no charge.
  • Monday, June 9, 2008. Multivariate distributions.
  • Tuesday, June 10, 2008. Applications of probability.
  • Wednesday, June 11, 2008. Applications of probability.
  • Thursday, June 12, 2008. Applications of probability.
  • Monday, June 16, 2008. Test No. 1.
  • Tuesday, June 17, 2008. Test No. 2.
  • Wednesday, June 18, 2008. Test No. 3.
  • Thursday, June 19, 2008: this classes is moved to May 23, 2008.
  • Monday, June 23, 2008. Test No. 4.
  • Tuesday, June 24, 2008. Test No. 5.
  • Wednesday, June 25, 2008. Test No. 6.
  • Thursday, June 26, 2008: this classes is moved to May 30, 2008.

All information contained here is, to our best knowledge, correct, but it is merely a representation, and should not be considered to be any form of professional advice. This electronic publication should not be misconstrued as the official position of Illinois State University, or its Department of Mathematics. We are glad to provide as much information as possible here, but we kindly ask that in any decision related to matters listed here you seek additional counsel and information. Comments on this Home Page are welcome and should be sent to Dr. Krzysztof Ostaszewski  at his e-mail address: krzysio@ilstu.edu.

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