Actuarial Exam Solutions - CAS 3 Exam - Fall 2005 - provided by Sam Broverman

[admin]

Thank you Sam for providing your solutions for CAS Exam 3 to users of our forums. Users may view the problems along with Sam Broverman's solutions.
Revised - if you downloaded prior to 10:09 am est on 11/8/2005 please see revised file.

[.Godspeed.]

Professor Broverman, in your solution of question 2, you calculate the required probability as 1-.101=.889. However, this difference is .899.

Your solutions been quite clear thus far. Thanks again.

[Ballpark]

I worked this the long way, but not getting the same answer. For the density function I get 5e^(-5x).
Then P[Ysub5>1] = int from 1 to inf (5e^-(5x))dx = .0067