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Actuarial Exam Solutions - CAS Exam 3 May 2005 - provided by Sam Broverman

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  • Actuarial Exam Solutions - CAS Exam 3 May 2005 - provided by Sam Broverman

    Thank you Sam for providing your solutions for CAS Exam 3 to users of our forums. Users may view the problems along with Sam Broverman's solutions at


    www.actuary.com/actuarial-exam-problems/exam-CAS3/Broverman-Actuarial-Exam-CAS3sol2005.pdf


    Samuel Broverman, Ph D. ASA, of The University of Toronto - http://www.sambroverman.com
    Last edited by admin; November 8 2005, 09:58 AM.
    Actuary.com - www.actuary.com
    Email - [email protected]

  • #2
    I'm under the assumption that the solutions will be available for some time? If they're going to come off after a certain point, I'd like to know.
    "You better get to living, because dying's a pain in the ***." - Frank Sinatra

    http://www.hockeybuzz.com/blogger_ar...blogger_id=174 - where I talk about the Blues and the NHL.

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    • #3
      Originally posted by Irish Blues
      I'm under the assumption that the solutions will be available for some time? If they're going to come off after a certain point, I'd like to know.
      Unless directed otherwise by Sam, we will be leaving them on the site for quite some time.
      Actuary.com - www.actuary.com
      Email - [email protected]

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      • #4
        Professor Broverman, I just noticed that in your solution to Question 11, you calculate the lambda of the Poisson Distribution as 1.2; yet when you find P[N>1], you use lambda=1.3. The answer you provide is .373; however, using lambda=1.2, the answer is .337. Both answer choices would render (E) as the correct letter choice, but I believe the answer should be .337.

        Thank you for any clarification.
        act justly. walk humbly. .

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        • #5
          Thanks for pointing that out.
          I agree with you that 1.2 and .337 are correct.
          Sam Broverman

          [email protected]
          www.sambroverman.com

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