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CATASTROPHE MODELING JOBS

 CAS 3 - specific material Please keep posts regarding material common to both exams in the upper forum

#41
05-06-2011, 06:12 PM
 peem Member Join Date: Jan 2007 Posts: 402

Quote:
 Originally Posted by Wolf Follower The Markov chain one where we had to find P, did everyone interpret that as receiving the last payment at time 4, making the incoming and outgoing offset by 1? WF
I didn't count the last premium payment but I could see who that could be the correct interpretation.
#42
05-06-2011, 06:12 PM
 Wolf Follower Member CAS Join Date: Aug 2009 Studying for Exam 9 College: Appalachian State Alumni Posts: 302

Did you guys remember to divide by the probability of reaching the starting age on the first one?

WF
#43
05-06-2011, 06:14 PM
 aspen_ashes Member Join Date: Jul 2010 College: Southern Oregon University Alumni Posts: 32

Yeah, below the 95% test statistic on the two-dimensional chi-squared.
__________________
P FM 3L
VEE: Econ Finance
#44
05-06-2011, 06:14 PM
 MrTomD Member Join Date: May 2011 Location: Ohio College: Otterbein University Posts: 51

Quote:
 Originally Posted by Is This Wilt Chamberlain? Yeah that was nice of them. I still spent a minute staring at it saying "I have to be missing something..."
Haha I did the same thing!
#45
05-06-2011, 06:14 PM
 peem Member Join Date: Jan 2007 Posts: 402

Quote:
 Originally Posted by MrTomD I believe there was a simple formula to find the other P when given the other two P's and the reserve. (Thanks MLC)
What was it? I recall going over it but was one of those things I didn't bother to memorize. However, this question was the 2nd of my guesses because I came up with a reasonable answer.
#46
05-06-2011, 06:15 PM
 Wolf Follower Member CAS Join Date: Aug 2009 Studying for Exam 9 College: Appalachian State Alumni Posts: 302

Quote:
 Originally Posted by aspen_ashes Yeah, below the 95% test statistic on the two-dimensional chi-squared.
Same here.

WF
#47
05-06-2011, 06:16 PM
 peem Member Join Date: Jan 2007 Posts: 402

Quote:
 Originally Posted by Wolf Follower Did you guys remember to divide by the probability of reaching the starting age on the first one? WF
Do you mean the 2nd one? S(x + t)/S(x)
#48
05-06-2011, 06:18 PM
 ephy26 CAS Join Date: Sep 2008 Studying for MFE C/4 Posts: 23

Quote:
 Originally Posted by peem Do you mean the 2nd one? S(x + t)/S(x)
How did you solve that problem?
#49
05-06-2011, 06:18 PM
 Wolf Follower Member CAS Join Date: Aug 2009 Studying for Exam 9 College: Appalachian State Alumni Posts: 302

Quote:
 Originally Posted by peem Do you mean the 2nd one? S(x + t)/S(x)
I thought that was the first one.

WF
#50
05-06-2011, 06:20 PM
 aspen_ashes Member Join Date: Jul 2010 College: Southern Oregon University Alumni Posts: 32

First one was the easy variance of future lifetime of constant mortality.
__________________
P FM 3L
VEE: Econ Finance

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