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Combinatorial Probability - ACST212

This unit is a study of techniques for assigning probabilities to events, with a particular emphasis on techniques involving combinatorics. Topics include: permutations and combinations; enumeration of equally likely cases; probability theorems; Bayes' Theorem; expected values; recurrence relations; generating functions; the principle of inclusion and exclusion; and application of calculus to probability. Concepts are often developed using simple examples, such as games of chance, but once understood, the concepts can be applied to many of the traditional actuarial problems examined in several 300-level actuarial units.

Credit Points: 3
When Offered:

S2 Day - Session 2, North Ryde, Day

Staff Contact(s): Actuarial staff
Prerequisites:

(Admission to BActStud or BActStudBSc or BAppFinBActStud or BActStudBProfPrac) and (STAT171(Cr) or STAT272Prerequisite Information

Corequisites:

MATH133

NCCW(s): ACST211
Unit Designation(s):

Commerce

Science

Unit Type:
Assessed As: Graded
Offered By:

Department of Actuarial Studies and Business Analytics

Faculty of Business and Economics

Course structures, including unit offerings, are subject to change.
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