Probability Theory

Probability Theory, Key concepts and tools for SOA EXAM P and CAS EXAM 1

This book contains all the formulas that you need to solve the exercises made available by the SOA for preparing Exam P. I have tried to keep this book very compact, theoretically solid, and not verbose. Students who are not contemplating becoming actuaries but who are more interested in econometrics, finance, statistics, mathematics, or other fields, will also find this text useful. I also recommend this book as a prerequisite to the students who are considering taking, or are in the process of taking, the CFA exams. Indeed, the statistics and portfolio management material studied in the CFA syllabus is based on the probability results shown in this book.

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