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LongTerm Actuarial Math Old Exam MLC Forum 

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#24




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I've worked every published exam in the last 10 years and I haven't seen a single problem that was not covered in my course. I'm not trying to be confrontational, but I genuinely don't know why people say this about my course. I will happily add stuff to the course if it is needed, but I don't want to waste students time with stuff that will not help them pass. 
#25




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Please don't take offense to my words or take it to mean that the TIA course is not good/detailed or not covering enough! I used TIA for 3/4 of the exams I passed, so I can definitely cast a vote of confidence for TIA. I only mean that TIA tend to focus on more on what is likely to be tested and focused on streamlining the material so students are passing the exam efficiently, whereas ASM tends to delve into proofs and formula derivation every chance they get. ASM also has tons of extra endofchapter problems geared toward understanding the material as opposed to examproblemsolving focus that TIA has. 
#26




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#28




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#30




I'm getting confused as to what we have to derive from first principles for the beta distribution and what formulas we are allowed to use.
For example, question 5.12 ASM (13th edition maybe?) has a survival function of a beta distribution and gives you the force of mortality and the complete future life time. They ask you to calculate what the exponent of the beta distribution is. In the solution, they use the fact that it is a beta distribution and skip right to r/(wy) for force of morality and (wy)/(r+1) for future life time. Are we allowed to use these formulas on the test? I thought I read somewhere that you need to derive all formulas for beta. What happens on a test if you use a formula that isn't given but and you arrive at the right answer? For this question, it is much faster to use these formulas and if it is just a one point deduction then I think I would rather take that hit and continue on the test than to spend 5 minutes deriving the formulas.
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