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#11
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go to bed son or your mother is going to get angry.
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#12
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This is my first post on AO, although i have been visiting the site regularly for the past 7-8 months. I just sat for P (and passed) making it two exams under my belt. Next step will be MLC in November.
What do you think (or have been told) what is the approx. time needed to nail this "puppy"?
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#13
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Quote:
and then the probability of dying in the .3 years after that, since the individual has now survived to age 70.6+.4, is You multiply these because this is an intersection of events - survival to age 71 AND death in the next .3 after age 71, and these events are typically assumed to be independent.
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C Last edited by MathDoctorG; 05-25-2012 at 12:21 PM.. |
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#15
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I am going to have investigate why surival and death of two mutually exclusive time intervals is independent when the probability is formulated as a conditional A | B. And then how the event of dying in the next .7 time can be decomposed into the sum. I know that is the case of the sum of two mutually exclusive events that cover the entire probability space but I don't yet see how those two events cover it. I will keep digging with this help. My best guess is that I've forgotten most of the identities from P and need to dig |
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#16
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This formula, though, is true from Course P: P(A and B)=P(A)*P(B|A). Can be applied with A="Surviving interval 1". |
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#17
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Right, thanks for the clarification. Also, there is a discussion in AMLCR on page 18 and 19 regarding this issue.
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C |
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#18
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I follow now. We partition the probability space Then you get to use the following equations it's been a while since I've had to think through soft logic like this. the last test I studied for didn't have as much wiggle room or 'open space' in the inferences if you follow my meaning. |
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#19
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There are not any additional fees for added or updated material. Everyone that has access gets the updates for free.
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#20
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I started studying MLC today. There's gonna be little fun this summer; but it's worth it. I'm using TIA and ACTEX...plus I got some text books for referencing. I wish everybody the best in here and I hope we have discussions that increase our odds of success in Fall.
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If it must be done, it must be done well - Donewell Insurance ![]()
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