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The Actuarial Profession: Historical Development, Basic Sciences, and Principles
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The Actuarial Profession: Basic Sciences and Principles
Reviewof the historical development of the actuarial profession from its inception tothe present. Explainthe principles and scientific concepts and ideas that underpin the actuarialstudies. Differences between the principles and the rules of practice ofthe actuarial profession. Basic concepts and ideas underlying the actuarial studies Statistics, Probability, Demography, Mathematics, Economics, etc. Explain the standards and rules of practice of the actuarialprofession depending on its development.
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