Exam M Table

Exam M Table - Tables for Exam M The reading material for...

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Tables for Exam M
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The reading material for Exam M includes a variety of textbooks. Each text has a set of probability distributions that are used in its readings. For those distributions used in more than one text, the choices of parameterization may not be the same in all of the books. This may be of educational value while you study, but could add a layer of uncertainty in the examination. For this latter reason, we have adopted one set of parameterizations to be used in examinations. -TI- is set will be based on Appendices A & B of Loss Models: From Data to Decisions by Klugman, Pa~jer and Willmot. A slightly revised version of these appendices is included in this note. A copy of this note will also be distributed to each candidate at the examination. As an example of this adopted notation, consider the family of single- parameter exponential distributions. The distribution with mean 2 would be identified in three of the textbooks as follows: Actuarial Mathematics the exponential distribution with P = 1/2 Probability Models the exponential distribution with h = % Loss Models the exponential distribution with 0 =2 The last form is the one that will be used in examinations. Another difference among the texts is the choice of generating functions for discrete distributions. Loss Models uses probability generating functions while Actuarial Mathematics and Probability Models use moment generating functions. The abridged tables from Loss Models will provide only the probability generating function for discrete distributions.
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Exam M Table - Tables for Exam M The reading material for...

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