Exam P (Probability)

Exam P (Probability) is a certification exam used in the actuarial field to test understanding of basic probability concepts. It covers the fundamentals of calculating chances of different events, combining probabilities, and understanding distributions. Think of it as a test of how well one can assess the likelihood of various outcomes, which helps in assessing risks for insurance, finance, and other industries. Passing Exam P demonstrates a solid grasp of core probability principles essential for more advanced actuarial work.