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The Actuarial Exam P (Probability) is usually one of the first tests students take toward becoming a professional actuary. It is a three-hour exam administered on a computer consisting of 30 multiple-choice questions to assess a student's ability to apply fundamental accounting tools in an actuarial science context. Students are expected to understand calculus and the basics of insurance and risk management before taking the test. If you could use a little help preparing for the exam, Varsity Tutors can help you find a professional Actuarial Exam P tutor who meets your needs.
The Actuarial Exam P has three sections. The first covers general probability and ranges from 10-20% of a student's grade. The second consists of Random Variables with univariate probability distribution and ranges from 35-45% of a student's performance. Finally, the third section tests Random Variables with multivariate probability distributions and also ranges from 35-45% of a student's grade.