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Which discrete and continuous distributions for exam 1/p?
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Distributions on the exam
This is what the syllabus says:
"Univariate probability distributions (including binomial, negative binomial, geometric, hypergeometric, Poisson, uniform, exponential, chisquare, beta, Pareto, lognormal, gamma, Weibull, and normal)"
as well as
"Multivariate probability distributions (including the bivariate normal)"
I remember many, many times when I studied for actuarial exams that I would look at some things, and think to myself "They can't possibly expect me to memorize this." When "this" was then on the test, I got a 5. Don't get a 5, learn as much as you can about all distributions listed in the syllabus.
Yours,
Krzys'Want to know how to pass actuarial exams? Go to: smartURL.it/pass

Markov processes
Originally posted by azikThanks Quint but what about Markov processes
Good luck.
Yours,
Krzys'Want to know how to pass actuarial exams? Go to: smartURL.it/pass
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Absolutely.
Memorize the main distributions, exactly what situations they are applicable in, and also their respective means and variances.
To be honest, you probably don't need a number of the distributions listed in this thread.
The ones to know everything about: binomial, negative binomial, geometric, hypergeometric, Poisson, uniform, exponential.
Also know the basic information (don't need to memorize the exact distribution or mean/variance) for chisquare, beta, Pareto, lognormal, gamma, and Weibull. Others might argue with me, but when I studied for this test in May, the FSA I studied with didn't go over these at all.
Also spend a lot of time on the normal distribution. You probably don't need to know the formula, but it's not that hard to memorize. Also definately know how to manipulate and calculate normal distributions (sum of two normals, normal approximations, etc.).Last edited by Quint; November 4 2005, 10:49 PM.
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Thank you  I'm currently in an intro to probability course (we just started Normal distribution, with tables (are the tables given on exam?)  I'm making sure I learn everything 5 times more than required (he doesn't require memorized formulae) and during the winter break, I'll be using the Actex manual.
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