Example: confidence
EXAM P SAMPLE QUESTIONS - SOA

EXAM P SAMPLE QUESTIONS - SOA

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In modeling the number of claims filed by an individual under an automobile policy during a three-year period, an actuary makes the simplifying assumption that for all integers n ≥ 0, pn pn( 1) 0.2 ( )+= where . pn represents the probability that the policyholder files . n.

  Modeling

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