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Thread: Exam Question on May

  1. #1
    Actuary.com - Level I Poster
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    Exam Question on May

    1. "doesn't ...more than four hours" is include 0,1,2,3, right? Is 4 included in this kind of question?

    2. The company is going to build 20 buildings, each with 100. The company will insure the first three buildings' loss, and the insurance company is issued for the left with 100. THe loss follows a possion(u=2). What is the expected amount paid by the self issued company?
    Last edited by wuyuexue; August 18th 2007 at 03:13 PM.

  2. #2
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    for the first one... i believe it would include the 4th because it would be not including those which are MORE than 4, meaning 5,6,7,...etc

  3. #3
    Actuary.com - Level V Poster djerry81's Avatar
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    Quote Originally Posted by wuyuexue View Post
    1. "doesn't ...more than four hours" is include 0,1,2,3, right? Is 4 included in this kind of question?

    2. The company is going to build 20 buildings, each with 100. The company will insure the first three buildings' loss, and the insurance company is issued for the left with 100. THe loss follows a possion(u=2). What is the expected amount paid by the self issued company?
    Could you rewrite question two so that it can be read

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