Actuarial Outpost
 
Go Back   Actuarial Outpost > Exams - Please Limit Discussion to Exam-Related Topics > SoA/CAS Preliminary Exams > Short-Term Actuarial Math
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions



Short-Term Actuarial Math Old Exam C Forum

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 10-13-2010, 04:24 AM
simon1012 simon1012 is offline
Member
 
Join Date: Oct 2007
Posts: 85
Default Bayesian Credibility Inverse Exponential/Gamma

Hi Professor Weishaus,

I am using ASM 9th edition, and solving practice exam #6 question #15.

In the question, there are 3 claims and .
If I am using formula 44.3, ,
Then should equal 8.

However, according to the solution which calculate the posterior distribution, is equal to 6!

Did I misunderstand the formula 44.3, ?
Please advise. Thanks.
Reply With Quote
  #2  
Old 10-13-2010, 08:36 AM
yaukwankiu yaukwankiu is offline
Wiki Contributor
 
Join Date: Apr 2009
Studying for FAP, VEE
Favorite beer: Guiness + Pilsner Urquell
Posts: 94
Blog Entries: 2
Default

i think you are right. in the new edition the answer is 2963 (E). did you check the errata?
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 05:23 AM.


Powered by vBulletin®
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.15583 seconds with 9 queries