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If you're studying to become an actuary, you'll need to pass the Actuarial Exam SRM (Statistics for Risk Modeling) as part of your education. It consists of 35 multiple-choice questions with five possible answers each, and you have three-and-a-half hours to complete it on a computer. If your test prep isn't going as well as you might like, Varsity Tutors can help you find an experienced Actuarial Exam SRM tutor who can assist you.
The Actuarial Exam SRM introduces students to a variety of methods and models for analyzing data, especially in an actuarial context. Sections on the test include Basics of Statistical Learning (7.5-12.5%), Linear Models (40-50%), Time Series Models (12.5-17.5%), Principal Components Analysis (2.5-7.5%), Decision Trees (10-15%), and Cluster Analysis (10-15%). Students are also expected to understand everything covered on Actuary Exam P, VEES Mathematical Statistics, and Calculus before sitting for this test.