COURSE SYLLABUS - Actuarial Seminar I - STAT 396 - Fall Semester 2007 - Course Details, Topics, Grading, and Schedule

Sep 27, 2026

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Actuarial Seminar I (STAT 396) is a fall 2007 review course preparing students for the first actuarial exam (“Exam P”) by using tools from multivariable calculus and introductory probability. The syllabus covers probability foundations, random variables, expectation, moment generating functions, correlation, change of variable techniques, order statistics, and the central limit theorem. Assessment is based on class participation and seven weekly in-class quizzes, with the lowest quiz dropped from the average, and letter grades determined by a detailed percentage scheme. It also includes prerequisites, instructor contact and office hours, and a dated Tuesday/Thursday schedule tied to text chapters.

LanguageEnglish

CategoryExam

FormatPDF

Pages1

Reading Time3 min

AccessFree to download

Course Overview

Grading and Letter Grades

Preliminary Semester Schedule

Tuesday

Thursday

Notes

COURSE SYLLABUS Actuarial Seminar I– STAT 396 Fall Semester, 2007, Tuesdays and Thursdays, 2:30 – 3:30pm in Damen Hall, Room 128 Prerequisite: Multivariable Calculus (MATH 263); Probability (STAT 304 or 203) strongly recommended Text: Thomas McGannon, Study Guide and Solutions Manual for Exam P of the Society of Actuaries, 2005 Instructor: Dr. Timothy E. O’Brien Email: [tobrie1@luc.edu](tobrie1@luc.edu) [Office](Office: Damen Hall)[: Damen Hall](Office: Damen Hall), Room 321 Office Phone: (773) 508-2129 Office Hours: Mondays 2.30-3.30pm, Tuesdays and Thursdays 11.30am – 12.30pm, and by apptmt. Course Web Page: [http://www.math.luc.edu/~tobrien/courses/stat396/coursehomepage.html](http://www.math.luc.edu/~tobrien/courses/stat396/coursehomepage.html) Course Overview Using tools from Multivariable Calculus and Introductory Probability Theory, this review course prepares students for the first actuarial exam,“Exam P”. Topics covered include a review of basic probability, random variables, expectation, moment generating functions, correlation, change of variable technique, order statistics, and the central limit theorem. Grading will be based on class participation and seven in-class weekly quizzes. Quizzes will be given at the start of class on 4 September, 11 September, 18 September, 25 September, 2 October, 11 October and 18 October, the last day of this class. Final grades will be based on the formula: 33.3% from the student’s class participation and 66.7% from the student’s quiz average. In the calculation of the student’s quiz average, the lowest quiz score will be dropped and the remaining six scores will be averaged. Final course (letter) grades will be awarded according to the following grading scheme: [92.5 , 100] = A [90.0 , 92.5) = A- [87.5 , 90.0) = B+ [82.5 , 87.5) = B [80.0 , 82.5) = B- [77.5 , 80.0) = C+ [72.5 , 77.5) = C [70.0 , 72.5) = C- [67.5 , 70.0) = D+ [60.0 , 67.5) = D [0.0 , 60.0) = F Preliminary Semester Schedule (with Chapters from Text in parentheses) | Tuesday | Thursday | | --- | --- | | 28 Aug – Intro Probability (1) | 30 Aug – Intro Probability (1) | | 4 Sept – Quiz 1; Random Variables (2) | 6 Sept – Random Variables (2) | | 11 Sept – Quiz 2; Expectation (3) | 13 Sept – Expectation (3) | | 18 Sept – Quiz 3; Moment Generating Functions (4) | 20 Sept – Moment Generating Functions (4) | | 25 Sept – Quiz 4; Special Continuous Densities (5) | 27 Sept – Correlation (6) | | 2 Oct – Quiz 5 on Ch. 5 & 6; Change of Variables (7) | 4 Oct – Order Statistics (7) | | 9 Oct – No Class – Fall Break | 11 Oct – Quiz 6 on Ch. 7; Central Limit Theorem (8) | | 16 Oct – Central Limit Theorem (8) | 18 Oct – Quiz 7 on Ch.8 | Note: Quizzes will be about 15 minutes in length and will be closed-book.

FAQs

What is the course purpose and target exam for STAT 396?

STAT 396 is a review course designed to prepare students for “Exam P,” the first actuarial exam, using concepts from multivariable calculus and introductory probability.

What topics are included in the course?

The syllabus includes basic probability, random variables, expectation, moment generating functions, correlation, change of variable technique, order statistics, and the central limit theorem.

How is the final grade calculated and how are letter grades assigned?

Final grades use 33.3% class participation and 66.7% quiz average; the lowest quiz score is dropped and the remaining six are averaged. Letter grades follow the specified percentage ranges from A through F.

Sep 27, 2026

Uploaded by Terk