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Prereq: (MET MA 581 or CAS MA 581) and (MET AT 721). Covers pension actuarial funding methods and the use of mortality functions. Included are analyses of actuarial funding methods under eight different models, the computations under each, and their uses in pension plans throughout the world. Mortality tables are discussed in the context of pension funding, including the development of tables under the Makeham mortality model, the existence and use of mortality tables currently in use, and modifications to reflect mortality improvement. Alternative forms of pension payment are discussed. 4 cr. Tuition: $3700
Fundamental principles of counting (permutations, combinations), set theory, relations and functions, graphs, trees and sorting. 4 cr. Tuition: $2920
Prereq: (CAS MA 115) or equivalent. Introduces basic statistical modeling techniques. One- or two- sample inference for unknown means, proportions and variances, categorical data analysis, introduction to design of experiments and analysis of variance, analysis of simple and multiple linear regression models, non-parametric methods. CAS MA 116 may not be taken for credit by any student who has completed any CAS MA course numbered 300 or higher. Students may receive credit for not more than one of the following courses: CAS MA 116, CAS MA 214, or CAS MA 614. Carries MCS divisional credit in CAS. Effective Fall 2020, this course fulfills a single unit in each of the following BU Hub areas: Quantitative Reasoning II, Critical Thinking. 4 cr. Tuition: $2920
Elementary Statistics. Basic concepts of estimation and tests of hypotheses, ideas from probability; one-, two-, and multiple-sample problems. Applications are in the social sciences and students will be able to understand the basics of using a sample to predict uncertainty.