• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
  • Please be advised that the SP1, SP5 and SP7 X1 deadline is the 14th July and not the 17th June as first stated. Please accept out apologies for any confusion caused.

ST7 April 2013 Q3 (ii)

H

Harry Efstratiou

Member
Hello,

I am struggling to work out the rationale behind the capital formula in the question in part (ii) More specifically, I can't work out where the 2.807 number comes from. Any help would be greatly appreciated.
 
Don't worry Harry many candidates at the time struggled to work out where that number came from.

It is the 99.5th percentile of a t distribution with 23 degrees of freedom. Hence the examiners were expecting you to point out that 9 degrees of freedom would be more appropriate than 23, for example.
 
You must log in or register to reply here.
Back
Top