**Course Objectives:** | This course is designed to provide a solid foundation in
probability theory and its application in a risk management
context. Students will learn general probability rules and how
to use specific discrete, continuous, and mixed probability
distributions in applied business scenarios. By the end of the
course, students will be able to apply a wide variety of
probability distributions, both univariate and multivariate, and
will be prepared to take the actuarial exam P which focuses on
probability. In addition, they will be able to provide written
explanations of the ideas behind probability and probability
distributions and will have improved their skills at solving
complex and multi-step problems. |