VEE MathStat Syllabus
VEE MathStat Syllabus
The emphasis of this course is to develop the fundamental statistical concepts of inference, parameter
estimation, confidence intervals, and hypothesis testing using the tools of probability theory. The course
has been designed to fulfill the joint VEE requirement for Mathematical Statistics established by the
society of Actuaries (SOA) and Canadian Institute of Actuaries (CIA).
Prerequisite
This course is designed for students that have taken an introductory course in probability and statistics.
An understanding of probability distributions, moments of distributions, conditional probability,
independence, and basic combinatorics is required. The course also assumes a working knowledge of
single-variable calculus.
Students that have passed Exam P/1 should have sufficient background to be successful.
Textbook
The video lessons included in the online seminar contain all material required to pass this course;
however, some of the material covered is derived from Statistics and Data Analysis: From Elementary to
Intermediate 1st Edition (Tamhane, Dunlop). Owning this textbook may be helpful for some students.
Course Structure
The course is divided into four sections. Each section includes several topics which are covered in a
video lesson. At the end of each section, there is an assignment. The assignments are, untimed, multiple
choice, and students may submit each assignment up to twice.
Throughout the course, students will have access to ask questions to the course instructor through the
course forum, or by email.
At the end of the course there is a 120-minute, multiple-choice exam. This exam must be proctored,
either remotely through our third party partner (ProctorU) for an additional fee, or in person by a
certified professional of the student’s choosing. Details on the proctoring process will be distributed
separately from this syllabus.
Grading
Each homework assignment is worth 10% of the final grade (40% total). If an assignment is submitted
multiple times, the highest grade will be used.
To receive VEE credit from actuarial organizations, a grade of B- (80%) or higher is required.
Syllabus
I. SECTION A – Sampling
a. A.1 – Probability Review
b. A.2 – Random Sampling
c. A.3 – Sampling Distributions
II. SECTION B – Parameter Estimation
a. B.1 – Bias, Variance, and Mean Squared Error
b. B.2 – Efficiency
c. B.3 – Consistency and UMVUE
d. B.4 – Percentile Matching
e. B.5 – Method of Moments
f. B.6 – Maximum Likelihood Estimation
III. SECTION C – Confidence Intervals
a. C.1 – Intervals on the Mean
b. C.2 – Difference between Means
c. C.2 – Inference on Variance
d. C.3 – Proportions
IV. SECTION D – Hypothesis Testing
a. D.1 – Testing the Mean
b. D.2 – Testing Variance
c. D.3 – Oher Chi Square Tests
d. D.4 - Likelihood Ratio Tests & Neyman-Pearson Lemma
e. D.5 – Information Criteria