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Stat 472: Actuarial ModelsSpring 2022Meets:Tuesday and Thursday from 10:30 to 11:45 in UNIV 019Wednesday from 10:30 to 11:20 in UNIV 019Instructor:Office:Phone:Email:Website:Sally Ray813 Mathematics Building(765) 441-2098 (cell u/ sallyray/Office Hours:Monday9:00 am to 10:15 amWednesday 8:00 pm to 9:00 pmThursday9:00 am to 10:15 amor by appointment (in person or virtual)To enter the virtual office hours, enter purdue.webex.com into your browser and search for mypersonal room.You will arrive at the following screen. Please enter your name and email address in the providedslots. You may then need to install a webex addin for your browser (I recommend using GoogleChrome).
The next screen may take a bit to load. Once it loads, it will look like this:Please click the green button to “Connect Audio and Video”. Do join by video if at all possible –it’s much more enjoyable when we can communicate face-to-face! Feel free to give me a call if youhave any issues connecting.Please check email daily as this is the method that I will use to communicate with you.Mask RequirementWhen in class, you must wear a mask that covers from the bridge of your nose to your chin.If you do not wear such a mask, you will be asked to leave the classroom.General InformationThis 4-credit hour course will cover the learning objectives for the Society of ActuariesExamination LTAM. The Learning Outcomes and Objectives can be found here.Textbook:Actuarial Mathematics for Life Contingent Risks, Third EditionDavid C. M. Dickson, Mary R. Hardy, Howard R. WatersYou are encouraged to get the book but it is not required for this class.Class StructureThis is an in-person class. You are expected to attend each class in person. It is my intent to recordeach lecture. However, if a recording of the classroom lecture fails for any reason, then norecording will be available. You are strongly encouraged to attend class provided that you arehealthy. There is value in attending the class versus watching the video of the lecture. However, if
you are not healthy, you should NOT attend class. Please be considerate of your classmates (andme).All lectures will be recorded and made available to all the students in the class. For students whoattend class, you may or may not want to take advantage of the recorded lectures. If you are unableto make it to class, then you should watch the recorded lecture.As mentioned below, all homework for this class will be provided on the class website. You willsubmit your homework in Brightspace.The process for tests and quizzes will be discussed below.Classroom ProceduresAttendanceThis course follows Purdue’s academic regulations regarding attendance, which states that studentsare expected to be present for every meeting of the classes in which they are enrolled. Attendancewill be taken at the beginning of each class. When conflicts or absences can be anticipated, such asfor many University-sponsored activities and religious observations, the student should inform theinstructor of the situation as far in advance as possible. For unanticipated or emergency absenceswhen advance notification to the instructor is not possible, the student should contact the instructoras soon as possible by email or phone. When the student is unable to make direct contact with theinstructor and is unable to leave word with the instructor’s department because of circumstancesbeyond the student’s control, and in cases falling under excused absence regulations, the student orthe student’s representative should contact or go to the Office of the Dean of Students website tocomplete appropriate forms for instructor notification. Under academic regulations, excusedabsences may be granted for cases of grief/bereavement, military service, jury duty, and parentingleave. For details, see the Academic Regulations & Student Conduct section of the UniversityCatalog website.Guidance on class attendance related to COVID-19 are outlined in the Protect Purdue Pledge forFall 2021 on the Protect Purdue website.In Event of Quarantine or IsolationIf you must miss class at any point in time during the semester, please reach out to me via email sothat we can communicate about how you can maintain your academic progress. If you find yourselftoo sick to progress in the course, notify your adviser and notify me via email. We will makearrangements based on your particular situation. Please note that, according to Details for Studentson Normal Operations for Fall 2021 announced on the Protect Purdue website, “individuals whotest positive for COVID-19 are not guaranteed remote access to all course activities, materials, andassignments.”CalculatorsThe only calculators permitted for this class will be those permitted to be used on the Society ofActuaries examinations. The Society of Actuaries website states: “Candidates may ONLY usethe battery or solar–powered Texas Instruments BA–35 model calculator, the BA IIPlus*, the BA II Plus Professional*, the TI–30Xa or TI–30X II* (IIS solar or IIBbattery), or TI-30X MultiView (XS Solar or XB Battery). Candidates may use more
than one of the approved calculators during an examination.”Use of any othercalculator on a test or quiz will result in a zero on that test or quiz.Please bring your calculator to each class.ProceduresEvaluation will be based on a combination of tests, quizzes, group projects, final project,homework assignments, and the attendance of a virtual meeting with me.There will be 6 quizzes during the semester. Quizzes will be announced. The lowest quiz grade willbe disregarded.There will be ten group projects. Five group projects will be completed in the classroom and fivegroup projects will be completed outside the classroom. The group projects to be completed outsideof the classroom can be done in person or virtually. You will invite me to each meeting. I may ormay not attend.There will be a final project that you must complete on your own during the last week of thesemester. You will have one class period to complete the project.There will be 3 tests. The first two tests will be during class time and will be an hour and fifteenminutes each. Test 3 is the final and it is not comprehensive, but will be 2 hours in length. Thedates of the tests are listed in the schedule at the end of this document. If there are problems withtaking the test this day due to illness or extenuating circumstances, then we will work out analternative.All tests and quizzes will be closed book and closed notes. Calculators are allowed. All tests andquizzes will be taken in class on the date scheduled. Except for illness, you will not be able toreschedule a test or quiz. If you are ill, then there will be a make-up exam. This make-up test orquiz will have different questions and may take a different format that that taken by the otherstudents.For quizzes and tests, answers are expected to include all the work necessary to do the problems.You are asked to schedule a meeting with me once during the semester. This will be a virtualmeeting with just the two of us. It is your responsibility to schedule this meeting. Please usethis link to schedule this meeting. Please put your name in a slot by the end of the first week ofclass, January 14. After this date, please email me with any changes. If you schedule and attend thismeeting, you will earn 1% toward your final grade. The meeting will occur during the week of1/24-1/27.
Final grades will be based on the following weights:QuizzesHomeworkGroup ProjectsFinal ProjectVirtual MeetingsTest 1Test 2Test 3Calculators and Tables20%6%10%6%1%17%17%17%1%Higher of Test 3 or Average*5%Total100%*The remaining 5% of your final score will be the greater of your score on the final (Test 3), oryour grade before the final. This will give you a chance to demonstrate your improvement.Homework: Homework is due at 10:30 am West Lafayette time on the date listed in the syllabus.Homework must be submitted in Brightspace. Paper submission of homework is not permitted.Doing the homework is essential to understanding the material. No homework will be accepted pastthe due date and time. NO homework scores will be dropped.For homework, quizzes, and tests, answers are expected to include all the work necessary to do theproblems.You can earn one point by bringing your tables and calculator to class every day.GradesGrades will be on a plus/minus scale as follows:Score99.5% and 76.970-72.967-69.963-66.960-62.959.9 and belowGradeA AAB BBC CCD DDF
Cheating Cheating will not be tolerated!Copying someone else’s HW is Cheating! Giving your homework to someone else whocopies it is cheating.Copying my previously provided solutions is cheating. Graders will be looking for thisapproach to doing homework and I will enforce this policy.If you cheat on HW or Quiz, penalty is a zero on the homework or Quiz and 5% of thetotal score for the class. You will not be allowed to drop the HW or Quiz.If you cheat on a Test or Excel Project, you will receive a failing grade in this class.Purdue has a student-initiated Purdue Honors Pledge:“As a boilermaker pursuing academic excellence, I pledge to be honest and true in all that Ido. Accountable together - we are Purdue.”You will be asked to sign this pledge for each exam and quiz.Students can report issues of academic integrity that they observe, either through the Office of theDean of Students (purdue.edu/odos), call 765-494-8778 or email integrity@purdue.edu .Academic AdjustmentsIn this mathematics course accommodations are managed between the instructor, the student, andthe DRC Testing Center.Purdue University strives to make learning experiences as accessible as possible. If you anticipateor experience physical or academic barriers based on disability, you are welcome to let me know sothat we can discuss options. You are also encouraged to contact the Disability Resource Centerat: drc@purdue.edu or by phone: 765-494-1247.Students should see me during virtual office hours to share your Accommodation Memorandum forthe current semester and discuss your accommodations as soon as possible.Academic IntegrityAcademic integrity is one of the highest values that Purdue University holds. Individuals areencouraged to alert university officials to potential breaches of this value by either emailingintegrity@purdue.edu or by calling 765-494-8778. While information may be submittedanonymously, the more information is submitted the greater the opportunity for the university toinvestigate the concern. More details are available on our course Brightspace table of contents,under University Policies.
Course OutlineJanuary 3, 2022While this outline tries to be complete and accurate, there will be changes in the schedule of thecourse; these will be announced in class and on the class website. The reading is to be done by thedate listed. For example, prior to class on January 12, you are to read Chapter 1 in the book.The Homework for the class will consist of the problems that will be posted on the class website. Iwill post an assignment in Brightspace after each class. Homework will be due most Tuesdays andThursdays at the start of class.DayTuWedDate1/111/12LectureChapter 2Chapter r 2, Quiz 1Chapter 2Chapter 2Chapter 3Chapter 3, Quiz 2Chapter 3Chapter 3Chapter 3Kenneth Feinberg 1:30-2:45 PM WALC 1055Class Project 1Chapter 4Chapter 4, Quiz 3Chapter 4Out of Class Proj 1Chapter 4Chapter 4Chapter 4TEST 1Chapter 5Class Project 2Chapter 5Chapter 5Chapter 5Out of Class Proj 2Chapter 5, Quiz 4Chapter 5Chapter 6Chapter 6NO CLASS – Spring BreakNO CLASS – Spring BreakNO CLASS – Spring BreakChapter 6Chapter 6Out of Class Proj 3Chapter 7TEST 2Class Project 3Chapter 7Chapter 7Chapter 7Out of Class Proj 4Chapter 8, Quiz 5Chapter 1 of TextOn Website
DayTuWedThTuWedThTuWedThDate LectureChapter 8Reading/Projects/NotesClass Project 4Chapter 8Chapter 8, Quiz 6Class Project 5Chapter 8Final ProjectChapter 8Chapter 8TEST 3 (Final)Out of Class Proj 5How to Succeed in this CourseIf you want to be a successful student: Be self-motivated and self-disciplined. Be willing to “speak up” if problems arise or you start to feel lost. Be willing and able to commit to 9 hours per week for this course. Complete all homework on time without help from your friends Study for the tests by working all the practice questions or questions from past tests. Attend class when appropriate. Familiarize yourself with Brightspace. Check your grades in Brightspace on aregular basis.In contrast, here are some common behaviors that lead to failing the course. Wait until the last day to begin assignments. Only study for a test the night before. When you are working old test or practice questions, you look at the solutions priorto completing your work. Not meeting deadlines. Ignore emails from the instructor. Don’t get familiar with the grade book and syllabus.CopyrightIn general, notes are “considered to be ‘derivative works’ of the instructor's presentations andmaterials, and they are thus subject to the instructor's copyright in such presentations andmaterials.” I consider class notes, tests, and quizzes to be derivative works and thereforecopyrighted. Class notes, tests, and quizzes may not be sold, bartered, or even given to websites orother resources. Examples of such websites are Course Hero, Chegg, or Quizlet.
Nondiscrimination StatementPurdue University is committed to maintaining a community which recognizes and values theinherent worth and dignity of every person; fosters tolerance, sensitivity, understanding, and mutualrespect among its members; and encourages each individual to strive to reach his or her ownpotential. In pursuit of its goal of academic excellence, the University seeks to develop and nurturediversity. The University believes that diversity among its many members strengthens theinstitution, stimulates creativity, promotes the exchange of ideas, and enriches campus life. Ahyperlink to Purdue’s full Nondiscrimination Policy Statement is included in our courseBrightspace under University Policies.Mental Health StatementIf you find yourself beginning to feel some stress, anxiety and/or feeling slightly overwhelmed,try WellTrack. Sign in and find information and tools at your fingertips, available to you at anytime.If you need support and information about options and resources, please contact or see theOffice of the Dean of Students. Normal drop-in hours are M-F, 8 am- 5 pm.If you find yourself struggling to find a healthy balance between academics, social life, stress,etc., sign up for free one-on-one virtual or in-person sessions with a Purdue Wellness Coach atRecWell. Student coaches can help you navigate through barriers and challenges toward your goalsthroughout the semester. Sign up is completely free and can be done on BoilerConnect. If you haveany questions, please contact Purdue Wellness at evans240@purdue.edu.If you’re struggling and need mental health services: Purdue University is committed to advancingthe mental health and well-being of its students. If you or someone you know is feelingoverwhelmed, depressed, and/or in need of mental health support, services are available. For help,such individuals should contact Counseling and Psychological Services (CAPS) at 765-494-6995during and after hours, on weekends and holidays, or by going to the CAPS office on the secondfloor of the Purdue University Student Health Center (PUSH) during business hours. CAPS alsooffers resources specific to COVID-19 on its website. Topics range from “Adjusting to the NewNormal” to “How to Talk with Professors about Personal Matters.”Emergency PreparationIn the event of a major campus emergency, course requirements, deadlines and grading percentagesare subject to changes that may be necessitated by a revised semester calendar or othercircumstances beyond the instructor’s control. Relevant changes to this course will be posted ontothe course website or can be obtained by contacting the instructors or TAs via email or phone. Youare expected to read your @purdue.edu email on a frequent basisYou are strongly encouraged to review Purdue’s Emergency Preparedness resources:https://www.purdue.edu/ehps/emergency preparedness/
Violent Behavior PolicyPurdue University is committed to providing a safe and secure campus environment for members ofthe university community. Purdue strives to create an educational environment for students and awork environment for employees that promote educational and career goals. Violent Behaviorimpedes such goals. Therefore, Violent Behavior is prohibited in or on any University Facility orwhile participating in any university activity. See our course Brightspace under University Policiesfor a link to the full Violent Behavior Policy.Diversity & Inclusion StatementIn our discussions, structured and unstructured, we will explore a variety of challenging issues,which can help us enhance our understanding of different experiences and perspectives. This can bechallenging, but in overcoming these challenges we find the greatest rewards. While we will designguidelines as a group, everyone should remember the following points: We are all in the process of learning about others and their experiences. Please speakwith me, anonymously if needed, if something has made you uncomfortable. Intention and impact are not always aligned, and we should respect the impactsomething may have on someone even if it was not the speaker’s intention. We all come to the class with a variety of experiences and a range of expertise, weshould respect these in others while critically examining them in ourselves.Basic Needs SecurityAny student who faces challenges securing their food or housing and believes this may affect theirperformance in the course is urged to contact the Dean of Students for support. There is noappointment needed and Student Support Services is available to serve students 8 a.m.-5 p.m.Monday through Friday. Considering the significant disruptions caused by the current global crisisas it relates to COVID-19, students may submit requests for emergency assistance from the CriticalNeed Fund.
Evaluation will be based on a combination of tests, quizzes, group projects, final project, homework assignments, and the attendance of a virtual meeting with me. There will be 6 quizzes during the semester. Quizzes will be announced. The lowest quiz grade will be disreg
