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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; 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:

D2 - Day; Offered in Session 2, North Ryde

Staff Contact(s): Actuarial Staff
Prerequisites:

Admission to (BActStud or BComAct-Stud) and STAT171(Cr) Prerequisite Information

Corequisites:

MATH133

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

Science

Commerce; Economics

Unit Type:
Assessed As: Graded
Offered By:

Department of Applied Finance and Actuarial Studies

Faculty of Business and Economics

Timetable Information

For unit timetable information please visit the Timetables@Macquarie Website