Free 1/P Study Guide & Answers: Marcel Finan's "Probability Course for the Actuaries"
Dr. Marcel B. Finan’s A Probability Course for the Actuaries ([url]http://syssci.atu.edu/math/faculty/finan/book.pdf[/url]) is an excellent free resource for those preparing to take Actuarial Exam 1/P on probability. Dr. Finan is a professor at Arkansas Tech University who has recently begun creating free online pdf texts for actuarial students.
This study guide thoroughly covers all exam topics and builds the necessary foundation of skills for addressing these topics competently.
I worked on writing a solution key to Dr. Finan’s study guide in the spring of 2007. This work was crucial to enabling me get a 10 on Exam 1/P.
Now, with Dr. Finan’s permission, I am creating free, publicly available answer keys for each section in his study guide. The recommended approach for using this resource is to read each section, work on the embedded examples, and then try the problems. You can use my answer keys to check your numerical answers against the correct ones.
This is the page which includes all the answer keys written thus far:
Answers to Sections 1 through 6 are now available. I will post links to answer keys to further sections on this thread as I publish them.
I did write detailed solutions to the problems in this study guide, but this study guide will also be used by professors of actuarial science – possibly for assigning homework problems to their students. Thus, making just the numerical answers to problems available is a good solution to enable the study guide to be used both for self-study and in the classroom.
I hope you find this study guide as helpful as I have.
G. Stolyarov II
NOTE - May 12, 2010: The URL for these index page to these answer keys has recently changed to [url]http://progressofliberty.blogdog.com/finan-1-answers/[/url] due to circumstances beyond my control. I will soon make an effort to transfer the index page for the answer keys to my own site, The Rational Argumentator, where I will be assured the permanence of the URL.
NOTE - May 13, 2010: The new URL for these answer keys is [url]http://rationalargumentator.com/actuaryguide/finan-1-answers.html[/url]
This URL is fully under my control and will not change.
Last edited by G. Stolyarov II; May 14th 2010 at 12:21 AM.
Printed it out and started to look over it today..
I think a few of the examples have been a bit sketchy in the first few sections. I also think the order in which the book is organized is interesting/different but I'll reserve judgment until i get further into it.. But overall i think its been a pretty good read thus far.
This is amazing! Actuary books can be kind of expensive. And its great that you both were willing to help create a free resource that students can turn to to learn the material! You are awesome! I appreciate all the effort you put in to create it. Are you guys planning to create a manual for exam FM any time soon by any chance?