2007_quiz1 - ACTL 1001 Actuarial Studies and Commerce Class...

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ACTL 1001 Actuarial Studies and Commerce Class Test 1 Tuesday, 28th August 2007 Time Allowed: 50 minutes Total Mark: 90 points Total Assessment credit: 10% Write your name and student number on the space provided: Name:_____________________________ _ Student ID:__________________________ Read through the following information carefully. You can only go to the next pages when told to do so . This class test consists of 6 problems requiring short-written answers. Marks allocated for each problem are as indicated. You may use your own calculator for this exam. You can only start writing down your solutions and answers when told to do so Anyone writing after time has expired will be given a mark of zero. Candidates may bring the text ±formulae and tables for actuarial ex- aminations²into the examination. it must be WHOLLY UNANNO- TATED . GOOD LUCK! 1
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1. [8 marks] Assume that the probability that the number of hailstorms occurring in a year has a Poisson distribution with = 0 : 2 : What is the probability that in a 50 year period there will be at least 2 years with a hailstorm?
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This note was uploaded on 08/23/2010 for the course ACTL 1001 taught by Professor Bernartwong during the Three '10 term at University of New South Wales.

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2007_quiz1 - ACTL 1001 Actuarial Studies and Commerce Class...

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