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  • Just began studying

    Has anyone used the Comprehensive Probability Review for Actuarial Exams from Digital Acuarial Resources? I also have the ASM manual, but I'm waiting until a after I finish this to get into that one.

    I don't know how good this book is. I'm about 4 hours in, and just finished reviewing Chapter 1. The material was fairly simple, and I could work out the answers to the examples with out having to use their long formulas.

    Is it better that I go ahead and memorize their long formulas? I feel it would be better in the future to remember these, and also the methods they are using even if I can do it more simply.

  • #2
    Hi, I'm also a candidate for exam p. I'm studying for the exam in March. Are you talking about distribution functions? I'll be memorizing the basic ones like normal, beta, gamma, exponential, etc.. I'll also be memorizing the MGFs for each distributions, because that'll make solving for moments a lot faster. Also, memorize the basic formulas for variance, conditional variance. Memorization helps with speed, but the most important part is to REALLY understand everything on the syllabus, because when you are nervous during the exam you'll more likely forget the formulas first. So if you understand the material really well then you'll still get the right answer.
    my 2cents

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    • #3
      Originally posted by Aldoraine View Post
      Has anyone used the Comprehensive Probability Review for Actuarial Exams from Digital Acuarial Resources? I also have the ASM manual, but I'm waiting until a after I finish this to get into that one.

      I don't know how good this book is. I'm about 4 hours in, and just finished reviewing Chapter 1. The material was fairly simple, and I could work out the answers to the examples with out having to use their long formulas.

      Is it better that I go ahead and memorize their long formulas? I feel it would be better in the future to remember these, and also the methods they are using even if I can do it more simply.
      Hello Aldoraine,

      I highly recommend TIA (http://www.theinfiniteactuary.com). The lectures helped me alot, and the practice exams are on point (at least for the exam that I just took - btw, I passed, but I still don't know my score). I failed the first time, and TIA worked for me.

      Also, with TIA, the professor will tell you exactly what to memorize and what not to memorize. When I first took the exam, I memorized all those really long formulas, which I really didn't have to. Also, they have techniques you can use to do things without having to memorize a lot at all.

      Btw, before I did the lectures with TIA, I had already read an entire prep book for exam p, which really helped me understand the content of the lectures faster.


      PM me if you want more info.

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      • #4
        Originally posted by suriitano View Post
        Hello Aldoraine,

        I highly recommend TIA (http://www.theinfiniteactuary.com). The lectures helped me alot, and the practice exams are on point (at least for the exam that I just took - btw, I passed, but I still don't know my score). I failed the first time, and TIA worked for me.
        Totally agree. I don't really know why but the way the lectures and the practise exams are written makes the things less difficult.

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        • #5
          I visited the website for 1/P, and the online seminar seems to be excellent. I am impressed by the instructor. Thank you for posting the link.

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          • #6
            Yes! Prof. David has a way of explaining things that make it easy to understand. His style is very down to earth. I like that.

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            • #7
              Originally posted by Pro-Rata View Post
              I visited the website for 1/P, and the online seminar seems to be excellent. I am impressed by the instructor. Thank you for posting the link.
              You are very welcome

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