NAME: ________________________

Actuary Exam 1 Test

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of 80 available terms

5 Written Questions

5 Matching Questions

  1. Choosing ordered subset of size k withouth replacement from n objets:
  2. Continuous Uniform Distribution: F(x) =
  3. Discrete Distribution:
  4. When considering permutations, the order is:
  5. P[A or B or C] =
  1. a P[A] + P[B] + P[C] - P[A & B] - P[A & C] - P[B & C] + P[A & B & C]
  2. b n! / (n-k)! P(n,k)
  3. c integral (a to x) f(x) dx = (x-a) / (b - a)
  4. d Can only take on values from a finite infinite sequence.
  5. e important: {a,b} does not equal {b,a}

5 Multiple Choice Questions

  1. the probability or density function is maximized.
  2. a^2Var[X]
  3. lamn / (lamn - t) t<lamn
  4. VAR[X] + VAR[Y] + 2*COV[X,Y]
  5. (1-p) / p

5 True/False Questions

  1. Conditional Probability: P[B] =P[B(giv)A] P[A] + P[B(giv)A'] P[A']

          

  2. told: exponential distribution with mean of 3 (lamna =)lamn(e^(-lamn*x))

          

  3. Exponential Distribution: E[X] & VAR[X] =1/lamn & 1/(lamn^2)

          

  4. For Discrete Random Variable E[X] =x1p(x1) + x2p(x2) + .......

          

  5. Mx(t) =E[e^(tx)]