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IAI Actuarial Core Principles · Actuarial Statistics · Exploratory data analysis

Which of the following is an example of secondary data for an actuary investigating mortality of pensioners in an Indian company's scheme?

The pensioner death register compiled by the scheme administrator is secondary data. It was gathered for payment administration and then reused by the actuary. Surveys, interviews, experiments or medical measurements done by the actuary are primary data.

  1. AA survey designed and conducted by the actuary to ask members about their health
  2. BA pensioner death register compiled by the scheme administrator for payment purposes, later supplied to the actuaryCorrect
  3. CA controlled experiment on a sample of pensioners
  4. DDirect interviews held by the actuary's team with pensioners' families
  5. Measurements taken by the actuary at a medical camp

Explanation

Secondary data were collected by someone else for another purpose and then reused. The administrator's payment register fits this. The other options all involve the actuary collecting data directly for the investigation, which is primary data.

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