
#1




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 10:30 AM.. Reason: I included the equations. 
#3




Quote:
" ...and policy limits of 1,500 and 20,000, respectively." But it doesn't say respectively. So either limit can be applied to either of the policies, regardless of the deductible. So the 14 + 10 that you are including from the $500 deductible group are actually $500 deductible with $20,000 limits; not $500 deductible policies with $1,500 limits. That's why the Question has specific categories for Above $1,500 and Above $20,000 in each group. 
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