SOA FAMFundamentals of Actuarial Mathematics

Associateship (ASA)

3.5 hours (1.75h per half if split)·34 multiple-choice (17 + 17)·≈350 study hours

Score 0/0 · 11 MC

FAM · Q1
Multiple choice
FAM-S: Parametric estimation
Five i.i.d. exponential claim amounts sum to 800. Calculate the maximum likelihood estimate of the mean $\theta$ .