ERIC Number: ED285767
Record Type: RIE
Publication Date: 1978-Sep
Sets, Probability and Statistics: The Mathematics of Life Insurance.
Clifford, Paul C.; And Others
The practical use of such concepts as sets, probability and statistics are considered by many to be vital and necessary to our everyday life. This student manual is intended to familiarize students with these concepts and to provide practice using real life examples. It also attempts to illustrate how the insurance industry uses such mathematic concepts for everyday business activities. The booklet was designed to be used in basic and advanced high school mathematics classes. The eight lessons contain activities involving: (1) sets; (2) sample spaces; (3) probability; (4) statistics; (5) mortality tables and life insurance; (6) interest; and (7) insurance premiums. (TW)
Descriptors: Insurance, Mathematical Concepts, Mathematical Enrichment, Mathematics Education, Mathematics Instruction, Mathematics Tests, Probability, School Business Relationship, Secondary Education, Secondary School Mathematics, Set Theory, Statistics
American Council of Life Insurance, Company Services, 1001 Pennsylvania Avenue, NW, Washington, DC 20004-2599 (25 copies to teachers free, then $.15 each; order #176).
Publication Type: Guides - Classroom - Learner; Tests/Questionnaires
Education Level: N/A
Authoring Institution: American Council of Life Insurance, Washington, DC. Education and Community Services.
Note: For a computer program based on this text, see SE 048 356.