Category: IC47A-1 CASUALTY ACTUARIAL SCIENCE PART 1 – 03

Que. 1 : Q1) If : Exposure Units = 84,653 Claim Count = 885, and Scale Factor = 1,000; Then : Which of the following format is correct to find out Frequency per ‘k’ Exposure Units?    1.  a) 1,000*(885) /84,653    2.  b) 1,000*(885) *84,653    3.  c) 1,000*(885) +84,653    4.  d) 1,000*(885) -84,653 Que. 2 : Q2) Which of the following statements […]