INS 303 Actuarial and Insurance Mathematics Exam 2025
About this paper
INS 303 Actuarial and Insurance Mathematics 2024/2025 exam (First semester, Level 300), Faculty of Social and Management Sciences, University of Buea.
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University of Buea
Faculty of Social and Management Sciences - FSMS
Banking and Finance - BNF
Actuarial and Insurance Mathematics
Exam · First Semester · Level 300
From this paper
Akams and Co Insurance Company wishes to assess the spread of claims in two regions. The claim amounts (in thousands CFA) for each region are: • Region A: 60, 110, 170 • Region B: 90, 130, 190 i. On average, for which of these regions are claims higher? (5 marks) ii. Calculate the standard deviation for each region and comment on which region has more variation in claim amounts. (8 marks)
At a glance
- Course code
- INS303 (INS 303)
- Type
- Exam
- Year
- 2025
- Level
- Level 300
- Semester
- First Semester
- Proposed solution
- Included
Where it's from
University
University of BueaFaculty
Faculty of Social and Management Sciences - FSMSDepartment
Banking and Finance - BNF
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