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#121




April 14, 2008 Exam P Question
The question can be found at
http://www.sambroverman.com/pqw/apr1408p.pdf  Sam Broverman 2brove@rogers.com www.sambroverman.com 
#122




Quote:
One thing from this post: Why x is from t^2 <x < t^2? I don't understand. thanks for the reply.
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No pains, no gains Last edited by michiko75; 04152008 at 07:05 PM.. Reason: modified 
#123




michiko75,
If we square both side of the inequality x^1/2 < t < 2x^1/2 we get x < t^2 < 4x , which can then be written as t^2 / 4 < x < t^2 . SB 
#124




April 21, 2008 Exam P Question
The question can be found at
http://www.sambroverman.com/pqw/apr2108p.pdf  Sam Broverman 2brove@rogers.com www.sambroverman.com 
#125




April 28, 2008 Exam P Question
The question can be found at
http://www.sambroverman.com/pqw/apr2808p.pdf  Sam Broverman 2brove@rogers.com www.sambroverman.com 
#126




May 5, 2008 Exam P Question
The question can be found at
http://www.sambroverman.com/pqw/may508p.pdf  Sam Broverman 2brove@rogers.com www.sambroverman.com 
#127




Quote:
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No pains, no gains 
#128




michiko75,
There is no deductible in the solution. WIth a policy limit of 1, the insurer pays 0 if the loss is 0 and the insurer pays 1 if the loss is >= 1, so the expected insurance payment is P(X>=1) . Similar reasoning applies to the policy with a limit of 2. SB 
#129




Your wording in the solution says "The expected insurance payment on a policy with a deductible of 2 is..." perhaps you meant policy limit

#130




Actuarialsuck,
So it does. I can't even read my own writing when it is typed out. The solution should read "policy limit of 2" rather than "deductible of 2". Thank you for pointing that out. I will post a correction. SB 
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