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View Full Version : Course 3, what materials was tested in the last exam May 02?


megasoft
11-02-2002, 08:58 AM
I do not want to gather specific questions (hehe, the whole paper may already be compiled). I just want to gather the materials that were test in the last exam.
I heard that

Modified De-movire,
Ruin formulas
Rejection Method

were test. Any more??

I want to contribute a question similar to one in May exam:
When an individual is admitted to the hospital, the hospital charges have the following information:

(1)
Room / Mean / s.d.
Room / 1000 / 500
Other / 500 / 300

(2) covariance between an individual's room charges and other charges is 100,000

An insurer issues a policy that reimburses 100% for room charge and 80% for other charge, The # of hospital admissions has a poisson dist. with parameter 4.

Determine the variance of the insurer's payout for the policy.

Answer:9,700,000

Macroman
11-03-2002, 02:57 AM
I think

1. there were 3-4 ruin type questions.
2. there was simulation of a poison rv
3. simulation by inverse transform method

I can't confirm your other statements from memory at this point. there was also of course a lot of life contingencies and some normal loss dist stuff.

I think the complexity of problems on May '02 exam 3 took a step up. There were more steps to the average question allowing them to test more concepts on each problem vis-a-vis the published exams. Since they did this without lowering the percentage of candidates passing I would expect a continuation of this trend.