Acturial Study Materials

ASM Study Manual for Exam P, 1st edition, Spring 2017

By: Weishaus

Edition:1st Ed, Spring 2017


DIGITAL LICENSE RESTRICTIONS:  Digital license requires the use of Adobe Digital Editions software or comparable application (authorized to an Adobe ID of your choosing). Customers should confirm they can download the required software and use a browser other than Internet Explorer. License terms are: 9 month license, printing of 30% of the manual (on one occasion from the primary device ONLY), no copying. NO RETURNS. 


This edition can be used for any P/1 exam sitting in 2017.

This manual offers comprehensive coverage of the syllabus for Exam P in its 29 lessons. Examples of the topics discussed are:

  • Basic properties of probability

  • Combinatorics

  • Conditional probability and Bayes’ Theorem

  • Random variables

  • Moments, percentiles, and modes

  • Joint distributions

  • Binomial, negative binomial, Poisson, exponential, and normal distributions

  • Central limit theorem

  • Order statistics

  • Moment generating functions

  • Transformations of random variables

The manual has over 500 pages with about 79 examples and 589 exercises. Of these exercises, 143 are original; the others are taken from old exams or are SOA sample questions. All exercises have complete solutions. In addition, the manual has 6 practice exams consisting of 30 original questions.


Author biography:

Abraham Weishaus Ph.D., FSA, CFA, MAAA
Abraham was formerly a financial reporting actuary for Guardian Life Insurance Company. He served on the SOA's Education and Examination Committee for 11 years. He also taught exam preparation courses for the Actuarial Society of Greater New York (ASNY) for 15 years and for CAMAR for 6 years. Abe is currently a professor at Columbia University and teaches exam preparation courses at St. Johns University. He has been an ASM author for over 16 years and publishes material for exams P, CAS S, MFE, MLC and C.


Actuarial Study Materials

ASM has been helping students prepare for actuarial exams since 1983. We offer study materials for Exams P/1, FM/2, MLC, MFE/3F, C/4, S and EA-1, EA-2F and EA-2L, written by an outstanding team of authors. ASM Products are sold at ACTEX Learning | Mad River Books and The Actuarial Bookstore.