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G. Stolyarov II
August 11th 2008, 10:38 PM
Greetings.

I have initiated a free online study guide for CAS Exam 3L, which I myself plan to take in October. The purpose of this study guide is to give students a large number of introductory and intermediate-level problems for each concept so that, through practice, the concepts become firmly embedded in students' memories, thereby enabling them to tackle the more advanced problems.

All sections of the study guide will be listed on this page as they are created: http://rationalargumentator.com/actuaryguide/3l-study-guide.html

The first section is now available. It discusses some basic life table probability functions and gives five practice problems and solutions.

I would advise you to work out the problems individually and then compare your work to the given solutions.

I am also the author of The Actuary’s Free Study Guide for Exam 3F/Exam MFE: http://rationalargumentator.com/actuaryguide/actuaryguide.html

Questions and discussion are welcome. Continual immersion in practice problems has helped me get a 10 on Exam P, a 9 on Exam FM, and an 8 on the Spring 2008 Exam MFE. I am actually proudest of the 8 I received on MFE, considering that the Spring 2008 sitting was unprecedentedly difficult. Certainly, writing and working through my MFE study guide was indispensable to my success on said exam. I believe that my method can assist other actuarial students as well, at least insofar as it supplements and amplifies their existing preparation.

Sincerely,
G. Stolyarov II

-----------------------------------------------

IMPORTANT: As of April 27, 2010, the index of this study guide has moved to http://rationalargumentator.com/actuaryguide/3l-study-guide.html

The old URL of the index is no longer functional (which was a decision made without my consent). However, the new URL is entirely under my control and will remain the same indefinitely into the future.

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 12th 2008, 06:29 AM
Greetings.

Section 2 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/948795/life_table_probability_functions_practice.html

It contains five practice problems and solutions on another basic life table probability function.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

This study guide’s approach of beginning with somewhat easy and gentle problems is deliberate. The purpose of these problems is to get students to internalize all the notation, definitions, and basic formulas. When the time comes to do the harder problems, it is essential to have a firm grasp of the basics so that one can devote one’s full attention to the more complicated aspects of the problem at hand.

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 13th 2008, 05:04 PM
Greetings.

Section 3 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/953367/curatefuturelifetime_practice_problems.html

It contains five practice problems and solutions on the concept of curate-future-lifetime.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 14th 2008, 02:37 PM
Greetings.

Section 4 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/955597/force_of_mortality_practice_problems.html

It contains five practice problems and solutions on the concept of the force of mortality.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 15th 2008, 02:43 PM
Greetings.

Section 5 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/958141/identities_involving_life_table_functions.html

It contains five practice problems and solutions on identities involving life table functions and the force of mortality.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 16th 2008, 11:48 AM
Greetings.

Section 6 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/959888/life_table_probability_functions_practice.html

It contains five practice problems and solutions involving the life table probability functions l_x and d_x.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 18th 2008, 02:32 PM
Greetings.

Some glitch on Associated Content made Section 6 of The Actuary’s Free Study Guide for Exam 3L temporarily unavailable. I published it on a new page to correct this:
http://www.'''''''''''''''''.com/article/962780/life_table_probability_functions_practice.html

Section 7 has also been made available here:
http://www.'''''''''''''''''.com/article/962800/_life_table_probability_functions_practice.html

It addresses the relationship between the force of mortality and the life table probability function l_x.

Please let me know if you have trouble accessing any of these pages in the future.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 20th 2008, 10:02 PM
Greetings.

Section 8 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/971418/deterministic_survivorship_groups_practice.html

It contains five practice problems and solutions on deterministic survivorship groups.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 21st 2008, 03:50 PM
Greetings.

Section 9 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/973506/computing_expected_values_for_continuous.html

It contains five practice problems and solutions on computing expected values of continuous random variables.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 22nd 2008, 12:09 PM
Greetings.

Section 10 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/975588/completeexpectationoflife_practice.html
It contains five practice problems and solutions regarding the complete-expectation-of-life.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 23rd 2008, 03:31 PM
Greetings.

Section 11 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/978372/median_future_lifetime_practice_problems.html

It contains five practice problems and solutions regarding the computation of median future lifetime.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 24th 2008, 03:29 PM
Greetings.

Section 12 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/980266/computing_expected_values_for_discrete.html

It contains five practice problems and solutions regarding the computation of expected values for discrete random variables.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 25th 2008, 09:34 AM
Greetings.

Section 13 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/981798/life_table_probability_functions_practice.html

It contains five practice problems and solutions regarding the life table probability functions L_x and m_x.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 26th 2008, 12:30 PM
Greetings.

Section 14 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/985052/life_table_functions_practice_problems.html

It contains five practice problems and solutions regarding the life table probability functions T_x and a(x).

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 27th 2008, 12:12 PM
Greetings.

Section 15 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/987836/the_uniform_distribution_of_deaths.html

It contains five practice problems and solutions regarding the uniform distribution of deaths assumption for fractional ages.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 28th 2008, 03:18 PM
Greetings.

Section 16 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/991176/the_uniform_distribution_of_deaths.html

It contains five additional practice problems and solutions regarding the uniform distribution of deaths assumption for fractional ages.

We are now ready for some exam-style questions on the topics covered in Sections 1-16. The next section (and perhaps others thereafter) will be devoted to said questions.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 29th 2008, 02:40 PM
Greetings.

Section 17 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/993932/examstyle_questions_on_life_table_functions.html

It consists of five exam-style questions on life table functions – covering objectives A1 and A2 of the exam syllabus. I am planning to produce more sections of exam-style questions covering these objectives soon.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 30th 2008, 01:17 PM
Greetings.

Section 18 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/996108/examstyle_questions_on_life_table_functions.html

It consists of five more exam-style questions on life table functions – covering objectives A1 and A2 of the exam syllabus.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

There are still more past exam questions dealing with these topics, but the study guide also needs to move on to other material on the syllabus. Occasionally, I will sprinkle later sections with exam-style review questions on life table functions, so that the ability to calculate these remains fresh in students’ minds.

I have also just received the second edition of Actuarial Mathematics, which means that I now have all the exam materials available to me. I understand that a little less than two months remain prior to the October exam, so I will endeavor to accelerate my rate of publication as much as I can.

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 31st 2008, 01:02 PM
Greetings.

Section 19 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/998176/temporary_complete_life_expectancy.html

It consists of five questions on the n-year temporary complete life expectancy of life (x).

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Now that I have the Second Edition of Actuarial Mathematics, I can supplement my study guide with the concepts which were not extensively featured in the First Edition.

Sincerely,
G. Stolyarov II

G. Stolyarov II
August 31st 2008, 02:58 PM
Greetings.

Section 20 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/998364/recursion_formulas_practice_problems.html

It consists of five questions which give an introduction to recursion formulas.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 1st 2008, 08:15 PM
Greetings.

Section 21 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1001116/term_life_insurance_practice_problems.html

It consists of five problems and solutions on n-year term life insurance.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 2nd 2008, 12:59 PM
Greetings.

Section 22 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1001116/term_life_insurance_practice_problems.html

It consists of five problems and solutions on the moments of the present value of n-year term life insurance.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 3rd 2008, 12:16 PM
Greetings.

Section 23 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1005510/whole_life_insurance_practice_problems.html

It consists of five problems and solutions on whole life insurance.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 3rd 2008, 04:03 PM
Greetings.

Solution S3L23-1 and Problem and Solution S3L23-5 in Section 23 have been revised.

Moreover, Section 24 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1006160/makehams_law_of_mortality_practice.html

It consists of five problems and solutions on Makeham’s law of mortality.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 4th 2008, 12:38 PM
Greetings.

Section 25 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1008402/weibulls_law_of_mortality_practice.html

It consists of five problems and solutions on Weibull’s law of mortality.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 5th 2008, 12:24 PM
Greetings.

Section 26 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1011222/probability_density_functions_and_cumulative.html

It consists of five problems and solutions on finding the p.d.f. and c.d.f. of present-value random variables.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 6th 2008, 09:10 AM
Greetings.

Section 27 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1013276/pure_endowments_practice_problems_and.html

It consists of five problems and solutions on n-year pure endowments.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 6th 2008, 10:57 AM
Greetings.

Section 28 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1013460/endowment_insurance_practice_problems.html

It consists of five problems and solutions on n-year endowment insurance.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 7th 2008, 09:07 AM
Greetings.

Section 29 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1015244/deferred_life_insurance_practice_problems.html

It consists of five problems and solutions on m-year deferred life insurance.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 7th 2008, 10:41 AM
Greetings.

Section 30 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1015396/annually_increasing_whole_life_insurance.html

It consists of five problems and solutions on annually increasing whole life insurance.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 8th 2008, 12:14 PM
Greetings.

Section 31 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1018194/continuously_increasing_whole_life.html

It consists of five problems and solutions on continuously increasing whole life insurance.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 9th 2008, 12:45 PM
Greetings.

Section 32 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1021346/annually_decreasing_term_life_insurance.html

It consists of five problems and solutions on annually decreasing term life insurance.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 10th 2008, 12:09 PM
Greetings.

Section 33 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1024598/insurances_payable_at_the_end_of_the.html

It consists of five problems and solutions on insurances payable at the end of the year of death.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 11th 2008, 03:09 PM
Greetings.

Section 34 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1028590/whole_life_insurance_payable_at_the.html

It consists of five problems and solutions on whole life insurance with benefits payable at the end of the year of death.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 12th 2008, 12:43 PM
Greetings.

Section 35 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1031278/endowment_insurance_payable_at_the.html

It consists of five problems and solutions on endowment insurance with benefits payable at the end of the year of death.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 14th 2008, 11:32 AM
Greetings.

Section 36 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1036414/examstyle_questions_on_life_insurance.html

It consists of five exam-style questions regarding the material covered so far in the study guide. Problems focus on life insurance policies, life table functions, and certain probability distributions – especially the Weibull, exponential, and uniform distributions.

Another section will be published later today.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 14th 2008, 12:49 PM
Greetings.

Section 37 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1036564/continuous_whole_and_temporary_life.html

It consists of five problems and solutions regarding continuous whole and temporary life annuities. The study guide has now begun to delve into the material in Sections 5.1-5.3 of Actuarial Mathematics.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

I understand that about 1.5 months are left until the October 28 exam, so I will endeavor to cover more material in each section beginning now. I will attempt to be as thorough as possible without including redundant problems so that it might be possible to get through all the necessary formulas and concepts within the time remaining and to amass enough skills to solve all past exam questions.

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 15th 2008, 11:43 AM
Greetings.

Section 38 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1038976/variances_and_relationships_among_present.html

It consists of five problems and solutions regarding variances and relationships among present values of continuous whole and temporary life annuities.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Another section is coming today.

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 15th 2008, 06:16 PM
Greetings.

Section 39 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1040106/continuous_deferred_life_annuities.html

It consists of five problems and solutions regarding continuous deferred and certain and life annuities.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 17th 2008, 10:27 AM
Greetings.

Section 40 of The Actuary’s Free Study Guide for Exam 3L is now available at http://progressofliberty.today.com/3l-study-guide/section-40/

It consists of five problems and solutions regarding actuarial accumulated values and derivatives of actuarial present values of continuous life annuities.

This section has been published one day behind schedule because of a glitch in Associated Content's publication interface. I have thus published this section on The Progress of Liberty instead. It is just as accessible as the others, however.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Another section is coming today.

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 17th 2008, 12:27 PM
Greetings.

Section 41 of The Actuary’s Free Study Guide for Exam 3L is now available at http://progressofliberty.today.com/3l-study-guide/section-41/

It consists of five problems and solutions on discrete whole life annuities.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 18th 2008, 12:17 PM
Greetings.

Section 42 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1047239/discrete_temporary_life_annuities_practice.html

It consists of five problems and solutions on discrete whole life annuities.

I have finally found a way to get around the glitches in Associated Content’s publishing interface, so this section could made available on Associated Content like most of the others.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 19th 2008, 10:52 AM
Greetings.

Section 43 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1049566/discrete_deferred_life_annuities_and.html

It consists of five problems and solutions on discrete deferred life annuities and certain and life annuities.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 20th 2008, 12:45 PM
Greetings.

Section 44 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1051667/the_equivalence_principle_and_fully.html

It consists of five problems and solutions on fully continuous benefit premiums under the equivalence principle, as applied to whole, term, and endowment life insurance policies.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 21st 2008, 07:06 PM
Greetings.

Section 45 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1053899/fully_continuous_benefit_premiums_for.html

It consists of five problems and solutions on fully continuous benefit premiums for pure endowments and various concepts pertaining to life annuities and life insurance policies. Four of the questions are based on past exam problems.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 22nd 2008, 06:45 PM
Greetings.

Section 46 of The Actuary’s Free Study Guide for Exam 3L is now available at http://www.'''''''''''''''''.com/article/1055622/exam_style_questions_on_life_table.html

It consists of five exam-style questions that introduce some new concepts as well as draw on existing ones. Many of the questions focus on independent lives and multiple causes of decrement, but the principles involved are quite similar to the ones covered already. A few additional small insights are introduced in the discussion preceding the questions to render the problems solvable with students’ existing knowledge.

I will, in the subsequent few sections, focus on breadth of material before resuming my focus on depth. I want to make sure that everything on the syllabus is addressed in some form prior to the October 28 exam. Therefore, I will focus on exam-style questions and teaching the syllabus concepts by reference to those questions. After I have done enough of that, I will address any material that has been left unaddressed by such an approach.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 23rd 2008, 02:36 PM
Greetings.

Section 47 of The Actuary’s Free Study Guide for Exam 3L is now available at http://progressofliberty.today.com/3l-study-guide/section-47/

It consists of five problems and solutions regarding the Pareto and Weibull distributions, expressed in the notation that is likely to appear on the exam. One of the problems is an exam-style question.

Once again, Associated Content seems to have publication glitches that I cannot circumvent at present. Therefore, I have published this section on The Progress of Liberty.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 25th 2008, 01:36 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with two new sections.

Section 48 is available here:
http://www.'''''''''''''''''.com/article/1060816/the_negative_binomial_distribution.html

Section 49 is available here:
http://www.'''''''''''''''''.com/article/1063589/the_lognormal_probability_distribution.html

These sections make forays into the negative binomial and lognormal probability distributions and into Markov Chains, as well as including some exam-style questions on prior topics for review.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 26th 2008, 04:03 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 50 is available here:
http://www.'''''''''''''''''.com/article/1066273/probability_generating_functions_poisson.html

It offers five exam-style questions on Poisson processes, probability generating functions, and other assorted material.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 27th 2008, 02:22 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 51 is available here:
http://www.'''''''''''''''''.com/article/1067777/binomial_pareto_and_compound_probability.html

It offers five questions on the binomial and Pareto probability distributions, as well as truncated expected values for the Pareto distribution and compound binomial/Pareto distributions. Two of the problems are exam-style questions.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 28th 2008, 01:04 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 52 is available here:
http://www.'''''''''''''''''.com/article/1069551/fully_discrete_benefit_premiums_infinite.html

It offers five exam-style questions on the infinite divisibility property of some probability distributions, as well as fully discrete benefit premiums and other assorted material.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 29th 2008, 12:48 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 53 is available here:
http://www.'''''''''''''''''.com/article/1071905/order_statistics_likelihood_functions.html

It offers five exam-style questions on order statistics, likelihood functions, and maximum likelihood estimates.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
September 30th 2008, 03:03 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 54 is available here:
http://www.'''''''''''''''''.com/article/1075218/examstyle_questions_on_the_method_of.html

This, in my view, is one of the most important sections in the study guide to date. It discusses the method of moments, the concept of significance levels, and some applications of the Neyman-Pearson Lemma. You will be able to do a wide range of exam questions after mastering this section. Of course, I will devote questions in later sections to the coverage of these topics as well, as practice with them is always a good idea.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 1st 2008, 12:55 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 55 is available here:
http://www.'''''''''''''''''.com/article/1077543/chisquare_goodnessoffit_test_practice.html

This section gives five problems and solutions regarding the Chi-square goodness-of-fit test.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 2nd 2008, 03:12 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 56 is available here:
http://www.'''''''''''''''''.com/article/1080047/hypothesis_testing_type_i_and_type.html

This section gives five exam-style problems and solutions regarding some aspects of hypothesis testing, including Type I and Type II errors, p-values, and the Student t distribution.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 3rd 2008, 03:45 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 57 is available here:
http://www.'''''''''''''''''.com/article/1082289/leastsquares_regression_and_assorted.html

This section includes three problems on least-squares regression and two more exam-style questions on order statistics and hypothesis testing.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 4th 2008, 04:18 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 58 is available here:
http://www.'''''''''''''''''.com/article/1084031/fully_discrete_benefit_reserves_practice.html
This section includes five problems and solutions, including three exam-style questions, on fully discrete benefit reserves.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 5th 2008, 12:50 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 59 is available here:
http://www.'''''''''''''''''.com/article/1085406/the_central_limit_theorem_and_the_continuity.html

This section includes five problems and solutions on the Central Limit Theorem and the continuity correction for normal approximations of distributions of discrete random variables.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 6th 2008, 12:48 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 60 is available here:
http://www.'''''''''''''''''.com/article/1087678/characteristics_of_estimators_mean.html

This section discusses some characteristics of estimators and the concept of mean square error. 5 assorted exam-style questions are provided.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 7th 2008, 12:18 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 61 is available here:
http://www.'''''''''''''''''.com/article/1090396/residuals_in_linear_regression_and.html

This section introduces the concept of the residual in least squares regression and gives five assorted exam-style questions. More practice with Poisson processes and order statistics is included.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 8th 2008, 12:37 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 62 is available here:
http://www.'''''''''''''''''.com/article/1092712/assorted_examstyle_questions_on_compound.html?cat= 4

This section offers a review in the form of 5 exam-style questions of concepts such as compound Poisson processes, normal approximations, force of mortality, and multiple forces of decrement.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 8th 2008, 05:39 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 63 is available here: http://www.'''''''''''''''''.com/article/1093862/examstyle_questions_on_markov_chains.html?cat=4

This section offers 5 exam-style questions on Markov chains and percentile calculations.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 9th 2008, 02:36 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 64 is available here:
http://www.'''''''''''''''''.com/article/1097166/poisson_processes_and_the_gamma_distribution.html? cat=4

This section offers five practice problems and solutions, including four exam-style questions, on Poisson processes and their relation to the Gamma distribution.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 10th 2008, 02:59 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 65 is available here:
http://www.'''''''''''''''''.com/article/1100256/the_f_distribution_and_hypothesis_testing.html?cat =4

This section offers five exam-style practice problems and solutions on hypothesis testing of variances, the F distribution, and other topics.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 11th 2008, 11:48 AM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 66 is available here:
http://www.'''''''''''''''''.com/article/1101982/jointlife_status_and_lastsurvivor_status.html?cat= 4

This section discusses calculations and life table functions pertaining to the joint-life and last-survivor statuses and gives 5 practice problems and solutions.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 12th 2008, 01:23 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 67 is available here:
http://www.'''''''''''''''''.com/article/1104237/assorted_examstyle_review_questions.html?cat=4

This section offers five exam-style questions reviewing the material covered in previous sections to give students more practice with it.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

With a little more than two weeks until the exam, I invite recommendations from you about what material future sections of the study guide ought to cover. There is a superabundance of topics for this exam, and I found that focusing on breadth rather than depth was a priority just to make sure that all topics were at least somewhat addressed and that no topic would leave students completely confused should the examiners test it. I tried to include as many exam-style questions in this study guide as possible, so as to make sure that students’ practice for the exam corresponds closely to the kinds of questions they are likely to see on the test itself. But if anyone thinks that some topics need deeper coverage, now is the time to express such thoughts.

What else should I discuss explicitly? What concepts do you want more practice with? Post your suggestions here or send me a private message. Even if I do not receive recommendations, I will still find something to cover every day, but I would also appreciate your input.

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 13th 2008, 03:03 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 68 is available here:
http://www.'''''''''''''''''.com/article/1107483/challenging_examstyle_review_questions.html?cat=4

This section offers five more exam-style questions reviewing the material covered in previous sections to give students more practice with it. These questions are, I think, particularly challenging and will require considerable thought to work through.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 14th 2008, 01:07 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 69 is available here:
http://www.'''''''''''''''''.com/article/1110234/examstyle_questions_for_actuarial_exam.html?cat=4

This section offers five more exam-style questions reviewing the material covered in previous sections.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 15th 2008, 12:56 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 70 is available here:
http://www.'''''''''''''''''.com/article/1113380/pooled_sample_variances_and_covariances.html?cat=4

This section offers five more exam-style questions that incorporate some new material, including pooled sample variances and covariances pertaining to multiple-life statuses.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 16th 2008, 01:49 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 71 is available here:
http://www.'''''''''''''''''.com/article/1116725/the_coefficient_of_determination_in.html?cat=4

This section offers five more exam-style questions that incorporate some new material, including the coefficient of determination in linear regression and fully continuous benefit reserves under DeMoivre’s Law.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 17th 2008, 02:00 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 72 is available here:
http://www.'''''''''''''''''.com/article/1119749/chisquare_test_for_the_variance_and.html?cat=4

This section offers five more exam-style questions and introduces the Chi-square test for the variance.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 18th 2008, 12:08 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 73 is available here:
http://www.'''''''''''''''''.com/article/1122335/examstyle_questions_for_actuarial_exam.html?cat=4

This section offers five more exam-style questions for review.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 19th 2008, 11:46 AM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 74 is available here:
http://www.'''''''''''''''''.com/article/1124494/examstyle_questions_for_actuarial_exam.html?cat=4

This section offers five more exam-style questions for review.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 20th 2008, 03:11 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 75 is available here:
http://www.'''''''''''''''''.com/article/1127916/examstyle_questions_for_actuarial_exam.html?cat=4

This section offers five more exam-style questions for review.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 21st 2008, 01:21 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 76 is available here:
http://www.'''''''''''''''''.com/article/1130682/examstyle_questions_for_actuarial_exam.html?cat=4

This section offers five more exam-style questions for review.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 22nd 2008, 11:56 PM
Greetings.

The Actuary’s Free Study Guide for Exam 3L has been updated with a new section.

Section 77 is available here:
http://www.'''''''''''''''''.com/art...xam.html?cat=4

This section offers five more exam-style questions for review.

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

This is the last section of practice problems that I planned to publish, although this may change if I find any major topics that were not sufficiently covered by the study guide. I will, in the near future, publish another page of links to additional resources for this exam that were authored by others.

I hope that you have found my study guide helpful and that it will contribute to your success on this exam.

Sincerely,
G. Stolyarov II

G. Stolyarov II
October 24th 2008, 11:34 AM
Greetings.

As promised, I have created a supplement to The Actuary’s Free Study Guide for Exam 3L in the form of a comprehensive list of links to free study materials created by other authors.

The list is available here:
http://www.'''''''''''''''''.com/article/1142062/a_comprehensive_list_of_free_study.html?cat=4

This is the index of all sections of the study guide to date:
http://progressofliberty.today.com/3l-study-guide/

If you become aware of any other free study materials applicable to this exam, please bring them to my attention, and I will add them to the list.

In the meantime, I wish everyone a productive time studying and an excellent performance on this Tuesday’s exam.

Sincerely,
G. Stolyarov II

G. Stolyarov II
April 28th 2010, 12:17 AM
IMPORTANT: As of April 27, 2010, the index of this study guide has moved to http://rationalargumentator.com/actuaryguide/3l-study-guide.html

The old URL of the index is no longer functional (which was a decision made without my consent). However, the new URL is entirely under my control and will remain the same indefinitely into the future.

Sincerely,
G. Stolyarov II