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#71




SOA STAM Sample Question # 323
Could this question be worded any more poorly?
It's really simple once you understand what the question is asking  obviously the SOA has decided to implicitly test a candidate's ability to parse legalese. The following developed losses evaluated at various maximum loss sizes are given: • The total losses limited at 50,000 from all policies with a policy limit of 50,000 or more is 22,000,000. • The total losses limited at 50,000 from all policies with a policy limit of 250,000 or more is 14,000,000. • The total losses limited at 250,000 from all policies with a policy limit of 250,000 or more is 25,000,000. The base rate at the 50,000 basic limit is 300 per exposure unit, consisting of 240 pure premium, 30 fixed expense, and 30 variable expense. Calculate the rate at the 250,000 limit.
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#72




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My EL is 5.6
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Former Disney World Cast Member, currently no idea what I'm doing "I think you should refrain from quoting yourself. It sounds pompous."  SweepingRocks 
#73




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#74




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Level 3, after 3 practice exams. Not happy about it. But still going to power through these next couple of weeks by taking endless practice exams with the support of several bowls of ice cream Hby? 
#75




Yes, unfortunately.
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Jim Daniel Jim Daniel's Actuarial Seminars www.actuarialseminars.com jimdaniel@actuarialseminars.com 
#76




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#77




I'm stuck at an earned level of 4 using ADAPT. I need to improve my semiparametric and nonparametric credibility abilities. I also have some weak spots in ratemarking, mostly with relativities.

#78




Funny, I was in that EXACT situation before last weekend. I've purely been using coaching actuaries for studying and their stam review videos for those subjects helped immensely.
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Former Disney World Cast Member, currently no idea what I'm doing "I think you should refrain from quoting yourself. It sounds pompous."  SweepingRocks 
#80




I’m working on Problem 30 on Practice Exam 3 if ASM manual.
Claim counts follow a Poisson distribution.85 policy holders submitted 0 claims. The exact amount of claims submitted for 15 policyhers is unknown, but may be either 1 or 2. Information for policyholders submitting more than 2 claims is unavailable. Calculate the MLE of the probability that a policyholder will sum it exactly 1 claim. In the solution, it says that the fitted probability of 1 or 2 must equal 15/85 of the fitted probability of 0. Would anyone please help me understand where is the 15/85 coming from? Thanks! 
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