Practical Lessons in Actuarial Science: An Elementary Text-Book, Containing, Also, All Mortality Tables That Have Ever Been Standard Anywhere, With Corresponding Commutation Columns (Classic Reprint) - Softcover

Miles Menander Dawson

 
9781332040421: Practical Lessons in Actuarial Science: An Elementary Text-Book, Containing, Also, All Mortality Tables That Have Ever Been Standard Anywhere, With Corresponding Commutation Columns (Classic Reprint)

Synopsis

This book introduces readers to the field of actuarial science, a discipline concerned with the practical application of probability to insurance. It concentrates on essential elements to help students gain a solid understanding of the subject. Actuarial science is explained through examples and problems designed for readers with some knowledge of algebra. The author provides an overview of the history of this field, from its origins in probability to its development as a separate discipline. The book also discusses the role of mortality tables in actuarial science and provides a step-by-step guide to constructing and graduating these tables. The book concludes by exploring how actuarial science is used in practice, including its applications in life insurance, annuities, and pensions. This book will provide readers with a comprehensive understanding of actuarial science and its various applications.

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