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Search: Posts Made By: pete2441
Forum: Long-Term Actuarial Math 07-14-2017, 10:13 AM
Replies: 1,148
Views: 279,288
Posted By pete2441
Congrats ScarletGrey! I also got the pass!!!...

Congrats ScarletGrey! I also got the pass!!! Appreciate your help (as well as many others on AO) in responding to a number of questions in preparation for this exam.
Forum: Careers - Employment 06-30-2017, 11:06 AM
Replies: 32
Views: 6,823
Posted By pete2441
Late to the discussion, but it seems I have a...

Late to the discussion, but it seems I have a different perspective to offer. I have worked for one of the companies you listed prior to moving to a Big 4 firm a number of years ago. The difference...
Forum: Short-Term Actuarial Math 06-26-2017, 04:29 PM
Replies: 741
Views: 172,654
Posted By pete2441
Congrats, Jim and all other passers! Would...

Congrats, Jim and all other passers! Would completely agree on ADAPT and SOA problems were huge contributors to also joining the passer group today.

I was confident on 25, 90/10 on 3, 50/50 on 2...
Forum: Short-Term Actuarial Math 06-25-2017, 05:32 PM
Replies: 741
Views: 172,654
Posted By pete2441
This actually makes sense (not trying to...

This actually makes sense (not trying to belittle, so please don't take it that way). More of an epiphany on my part. At least i think so:

For SOA 159, the "risk" would be year 2, and we've had...
Forum: Short-Term Actuarial Math 06-25-2017, 05:25 PM
Replies: 741
Views: 172,654
Posted By pete2441
I guess to me these are different kinds of...

I guess to me these are different kinds of problems. In 159 you will calculate your u, v, and a based on the data provided, so it wouldn't make sense to also have your x-bar for the Pc equation also...
Forum: Short-Term Actuarial Math 06-25-2017, 05:12 PM
Replies: 741
Views: 172,654
Posted By pete2441
I may not be providing enough info, or saying...

I may not be providing enough info, or saying something incorrect or at least inconsistent with how I actually apply this, but maybe an example would help.

If you look at SOA problem #263. Under...
Forum: Short-Term Actuarial Math 06-25-2017, 04:53 PM
Replies: 741
Views: 172,654
Posted By pete2441
This has been a significant struggle of mine as...

This has been a significant struggle of mine as well, so for whatever this is worth:

I generally look at what the question is asking for and decide on what my exposure is based on that. In this...
Forum: Short-Term Actuarial Math 06-25-2017, 04:18 PM
Replies: 741
Views: 172,654
Posted By pete2441
Quick question for you all regarding limited...

Quick question for you all regarding limited fluctuation credibility:

If frequency and severity are not independent, is it correct that you have to calculate the number of exposures (or claims)...
Forum: Short-Term Actuarial Math 05-31-2017, 03:55 PM
Replies: 5
Views: 952
Posted By pete2441
This may not be textbook verbatim...when you have...

This may not be textbook verbatim...when you have X1, X2, ....,Xn independent trials (generally a large number), you an use the normal approximation via the central limit theorem and that E(S) =...
Forum: Long-Term Actuarial Math 05-05-2017, 05:31 PM
Replies: 148
Views: 29,238
Posted By pete2441
Every time I mess up payments vs. years lived....

Every time I mess up payments vs. years lived....
Forum: Long-Term Actuarial Math 04-25-2017, 04:20 PM
Replies: 1,148
Views: 279,288
Posted By pete2441
Has the SOA actually made this statement? ...

Has the SOA actually made this statement?

It seems odd to me that you'd have a hard and fast number on an exam that has WA compared to just MC, where they obviously do not have a set number (but...
Forum: Long-Term Actuarial Math 04-25-2017, 03:34 PM
Replies: 1,148
Views: 279,288
Posted By pete2441
I don't think it is (although basically 65 within...

I don't think it is (although basically 65 within a margin of error, so seems reasonable) unless they have inside knowledge.

My thoughts on the exam:

MC: Not bad

WA: WTF

This was the...
Forum: Long-Term Actuarial Math 04-25-2017, 03:24 PM
Replies: 7
Views: 2,090
Posted By pete2441
Just got home and it's going to be a heavy...

Just got home and it's going to be a heavy pour...Definitely hanging out in the gray zone for a few months.
Forum: Long-Term Actuarial Math 04-23-2017, 09:11 PM
Replies: 1,148
Views: 279,288
Posted By pete2441
Could just be the slight difference in the name...

Could just be the slight difference in the name of the topic throwing you off, but it's generally referred to as a reversionary bonus (e.g. simple, compound, and super-compound). You would have...
Forum: Long-Term Actuarial Math 04-23-2017, 05:26 PM
Replies: 56
Views: 10,981
Posted By pete2441
Awesome work! Now just crush this one Tuesday! I...

Awesome work! Now just crush this one Tuesday! I just keep telling myself that and assume it probably has to work.
Forum: Long-Term Actuarial Math 04-20-2017, 07:40 PM
Replies: 1,148
Views: 279,288
Posted By pete2441
My understanding is if it's rates/decrements,...

My understanding is if it's rates/decrements, then you go the (1-q1)(1-q2) type approach, whereas if you have probabilities, you use (1-q1-q2) for your p^(t)

The way I think about it is when you...
Forum: Long-Term Actuarial Math 04-20-2017, 03:18 PM
Replies: 1,148
Views: 279,288
Posted By pete2441
So....I needed a study break so why not look at...

So....I needed a study break so why not look at historical pass rates for this exam to add to the stress level? My guess is this has been discussed before on AO, but such is life.

I pulled data...
Forum: Long-Term Actuarial Math 04-20-2017, 03:03 PM
Replies: 1,148
Views: 279,288
Posted By pete2441
You are definitely right. I think I'm just a bit...

You are definitely right. I think I'm just a bit frustrated, so grasping a bit. Agree that sticking with MC to make sure you get the min number so the WA gets graded is a necessity.
Forum: Long-Term Actuarial Math 04-20-2017, 09:03 AM
Replies: 1,148
Views: 279,288
Posted By pete2441
Out of curiosity, how much time did you spend on...

Out of curiosity, how much time did you spend on the MC section? I'm in a similar boat to lindy3730 where I did well on the 2014 exams (and was feeling pretty good about my prep at that point). Then...
Forum: Long-Term Actuarial Math 04-17-2017, 02:20 PM
Replies: 3
Views: 1,026
Posted By pete2441
I would agree with this statement with the caveat...

I would agree with this statement with the caveat that your answer is within the range specified. Sticking with original example where the problem states you should calculate showing you get 1600...
Forum: Long-Term Actuarial Math 04-17-2017, 02:09 PM
Replies: 56
Views: 10,981
Posted By pete2441
I took SOA Fall 15 this AM and did do well. Got...

I took SOA Fall 15 this AM and did do well. Got 28 MC pts (not including guesses) and then only 35 WA pts (bombed the first two WA pretty bad for a total of 6/18). Time was a huge issue for me on...
Forum: Long-Term Actuarial Math 04-15-2017, 09:25 AM
Replies: 7
Views: 1,295
Posted By pete2441
You cannot use your calculator during the read...

You cannot use your calculator during the read through time either.

Regarding strategy, I generally try to think through the process I'll need to use for a given problem and if I can't identify...
Forum: Long-Term Actuarial Math 04-15-2017, 09:10 AM
Replies: 56
Views: 10,981
Posted By pete2441
I thought you mentioned at one point you were...

I thought you mentioned at one point you were doing the ASM exams from the last exam backwards up to the first. So if you started with 6 on ACTEX, then the thought process probably changes based on...
Forum: Long-Term Actuarial Math 04-14-2017, 03:59 PM
Replies: 56
Views: 10,981
Posted By pete2441
Are you still working back to front? If not, you...

Are you still working back to front? If not, you may be pushing too hard on the practice exams and not spending enough time understanding what you got wrong before moving on. I know the manuals tend...
Forum: Long-Term Actuarial Math 04-12-2017, 10:39 PM
Replies: 1,148
Views: 279,288
Posted By pete2441
If you forget for a moment they are WA problems,...

If you forget for a moment they are WA problems, would you be able to solve them if you didn't have to provide any supporting evidence? Or, are the style of problems making it so you can't really get...
Showing results 1 to 25 of 98

 

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