Description of Manual - CAS Exam 3L

ASM's Exam 3L manual provides complete coverage of the syllabus for CAS Exam 3L.  In its 54 lessons, the following topics are reviewed:

• Estimation methods: method of moments and maximum likelihood
• Estimator quality: bias, consistency, and mean square error
• Linear regression
• Hypothesis testing and confidence intervals
• Chi square tests
• Neyman-Pearson’s lemma and likelihood ratio tests
• Order statistics
• Survival distributions and life tables
• Insurances
• Annuities
• Premiums
• Reserves
• Models for multiple lives
• Models for multiple decrements
• Markov chains
• Poisson processes

The 10th edition has over 1250 pages, over 1200 end-of-lesson exercises, including about 400 original exercises and 800 old exam questions, plus about 280 examples and 100 in-lesson exercises. In addition to these exercises, there are 10 full-length (25 question) practices exams. An appendix has a cross reference to help you track down lessons corresponding to published 2000 and later exam questions, and there is an index. Many students have found this manual adequate by itself for exam preparation, but references to the textbooks are provided in each lesson if you wish to use them.

The 10th edition - 4th printing includes the solutions to the questions on the Fall 2011 Exam 3L, and incorporates correction of all errata through the date of publication.

Description of Flashcards - Exam 3L

Flashcards help you review and learn important formulas and concepts.

The ASM 3L flashcard package contains about 500 cards covering the formulas and concepts of the course. Each card is categorized by topic, allowing you to limit your review to selected topics. Each card also has a cross-reference to the lesson, page, and formula or table number (where applicable) in the ASM 3L manual, 10th edition. Students with older editions can use the table that is provided in the package to translate the lesson numbers to the corresponding lesson numbers in their edition.

A unique feature of these cards is a rating system, indicating the relative importance of each card.

Statistics and Stochastic Processes Manual for Students Taking Both SOA Exam MLC and CAS Exam 3L

The Statistics and Stochastic Processes Manual is designed for students who have purchased ASM’s Exam MLC manual and wish to also take CAS Exam 3L.  (Passing SOA Exam MLC would give the student credit for CAS Exam 3L, but not vice versa.)  The manual contains the statistics and stochastic processes material included in the CAS Exam 3L manual.

Author’s Background:
Abraham Weishaus, Ph.D., F.S.A., CFA, M.A.A.A.

Formerly financial reporting actuary for Guardian Life Insurance Company. Served on the SOA’s Education and Examination Committee for 11 years. Taught exam preparation courses for the Actuarial Society of Greater New York (ASNY) for 15 years and for CAMAR for 6 years. Currently teaches exam preparation courses at St. John's University.