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#111




March 10, 2008 Exam P Question
The question can be found at
http://www.sambroverman.com/pqw/mar1008p.pdf  Sam Broverman 2brove@rogers.com www.sambroverman.com 
#112




March 17, 2008 Exam P Question
The question can be found at
http://www.sambroverman.com/pqw/mar1708p.pdf (March 31, 2008) I have just posted a corrected solution to the problem. Thanks to Allen Rogers for pointing out the error.  Sam Broverman 2brove@rogers.com www.sambroverman.com Last edited by sam_broverman; 03312008 at 09:35 PM.. 
#113




March 24, 2008 Exam P Question
The question can be found at
http://www.sambroverman.com/pqw/mar2408p.pdf  Sam Broverman 2brove@rogers.com www.sambroverman.com 
#114




March 31, 2008 Exam P Question
The question can be found at
http://www.sambroverman.com/pqw/mar3108p.pdf  Sam Broverman 2brove@rogers.com www.sambroverman.com 
#115




Quote:
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#116




He didn't use 300 = f(xX>200). He first gets a formula for f(xX>200), notes that it is a Pareto distribution, then uses the equation of the mean for a Pareto distribution and sets that mean (and not the distribution itself) equal to 300.

#118




Week of February 25/08
A loss random variable has a Poisson distribution with a mean of
An insurance policy on the loss has a policy limit of 1. The expected insurance payment when a loss occurs is .8892 . Find the expected insurance payment when a loss occurs for a policy on the same loss variable if the policy limit is 2. I saw the solution and seems this question is quite simple, BUT given one knows the meaning of "An insurance policy on the loss has a policy limit of 1"... But how if i don't know the meaning? I never see this kind of description before 
#119




Have you read the Risk and Insurance study note? If not, you should. The note uses the term "Benefit Limit" instead of "Policy Limit", so hopefully the exam would use "Benefit Limit".

#120




April 7, 2008 Exam P Question
The question can be found at
http://www.sambroverman.com/pqw/apr708p.pdf  Sam Broverman 2brove@rogers.com www.sambroverman.com 
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