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#42




Quote:
For a uniform distribution on [a,b], the probability density function is 1/(ba) in the range [a,b] and 0 otherwise. In this question, the originally assumed distribution for theta is a uniform distribution on [1,4]. See the second sentence of the example. 
#43




Wrapped up the material today. I definitely like ratemaking more than reserving. I did very well on my level 5 quizzes for 4.4 and 4.5 compared to the 5/10s I was getting on 4.2 and 4.3.
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#45




I still have the last section, Other Topics, left. I didn't do anything this weekend. I'll try to finish it today and tomorrow. And I agree, ratemaking is much easier to solve than reserving, even though I thought reserving made more sense theoretically, solving the problems was a whole other thing.

#46




Quote:
I have heard the tables are searchable to a degree, but I've never tried, and I know there's some kind of trick to it. I don't think they're searchable by distribution name. I memorized what page each distribution was on, and that seemed to work alright for me.
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#48




Just finished all the material, going to watch a few beginning review videos, then jump in to exams. Even if I get zero questions right, I guess that's the best way to review and learn in a way that will mimic the exam, where each topic isn't nicely packaged and primed like for a quiz.

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