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correct me if i am wrong but concerning the "shooting-question" two things: 1. The question asked for the probability for a hit from one of the 3 distances, right? 2. In that case one would have to go through all possible cases: x = hit 0 = no hit 3 hits = xxx 2 hits = xx0 or 0xx or...

thanks for the figures for the probability question. i agree with the suggested result. 53% should be good. (0.65 - 0.15) x 0.40 + (0.50 - 0.15) x 0.60 + 0.15 x 0.80 = 0.53

hi, I found the L1 exam difficulty level medium to advanced. Below a very nice question concerning probability calculation. Unfortunately without figures. Does anybody remember? given P( Renew of Insurance | Auto Insurance ) P( Renew of Insurance | Health Insurance ) P( Renew of...

Hi David, thank's a lot for the answer / explanation. Gives me a much clearer picture. Kind regards, Roman.

Hi David, I am a little confused about the three terms above though I know how to calculate them. (1) What is Unexpected Loss (UL)? Let L, EL and UL denote Loss, Expected Loss and Unexpected Loss respectively. UL can be defined as the standard deviation of EL (according to Kaplan). But...