SOA Practice Exam #305 (KaplanMeier)
Hello All, how am I supposed to interpret the numbers on the claim count table?
From the answer key, it seems like you are supposed to take each loss as it is, ignoring whatever the question said about the policy limits:
92/112 + 65/92 + 32/59 where 32 = 14 + 18 and 59 = 92  27  6
If that is the case, why did it insert 6 losses at $1500? Indeed, I rightcensored 14 + 10 + 6 = 30 losses from the $500deductible group. Thus, I had:
92/112 + 65/92 + 17/35 where 17 = losses in the $750group and 35 = 92  27  30
The wording is not clear, if not outright misleading.
Last edited by thirteenthgrave; 06062018 at 11:30 AM..
Reason: I included the equations.
