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The University of KwaZulu-Natal (UKZN; Zulu: INyuvesi yakwaZulu-Natali, Afrikaans: Universiteit van KwaZulu-Natal) is a public research university with five campuses in the province of KwaZulu-Natal in South Africa. [7] [6] It was formed on 1 January 2004 after the merger between the University of Natal and the University of Durban-Westville. [1]
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions. Actuaries are professionals trained in this discipline.
A student may choose to complete an accredited actuarial science degree at an undergraduate or at a postgraduate level through a number of recognised universities. Successful students may offer proof of having covered the topics whilst at university and students may be granted exemptions from certain professional examinations from the Institute ...
The BBusSci "allows for intensive specialization" in the degree major [2] and thus comprises a four-year Honours level program. It differs from the Bachelor of Commerce (BComm) - the three year Bachelor's degree in business and economics usually offered in South Africa - in that, additional to the treatment of the major, all students are exposed to management theory in some depth.
Chemometrics is the science of relating measurements made on a chemical system or process to the state of the system via application of mathematical or statistical methods. Demography is the statistical study of all populations. It can be a very general science that can be applied to any kind of dynamic population, that is, one that changes ...
To achieve associate-ship, the CAA requires examination with 5 subjects: (1) probability and mathematical statistics, (2) finance and economics, (3) actuarial mathematics, (4) actuarial models and data analytics, (5) actuarial risk management; while ASHK recognizes associate-ship credentials from Society of Actuaries (SOA), Casualty Actuarial ...
An actuarial qualification from the Institute and Faculty of Actuaries consists of a combination of the completion of various examinations and courses. The examinations are split into six sections: Core Mathematics (CM), Core Statistics (CS), Core Business (CB), Core Practice (CP), Specialist Practice (SP), and Specialist Applications (SA).
That is, if portfolio always has better values than portfolio under almost all scenarios then the risk of should be less than the risk of . [2] E.g. If is an in the money call option (or otherwise) on a stock, and is also an in the money call option with a lower strike price.