Introduction to Probability
Welcome
This note is designed as a supplementary resource for anyone who is going to take the Probability exam (Exam P/1) from the Society of Actuaries. It provides an introduction to elementary probability theory, focusing on the fundamental concepts you’ll need to succeed on the exam.
The reader will understand basic probability concepts, combinatorics, discrete mathematics in General Probability; discrete and continuous univariate random variables; multivariate discrete random variables, the distribution of order statistics, and linear combinations of independent random variables.