CAS Exam 7

[Snape]

Well..... what did you all think??

Who else stared at the jumbo problem at the end waiting for divine inspiration? :-?

-snape, feeling very borderline :viola:

[Hagbard Celine]

I'm feeling slightly below borderline...I think.

It depends what the pass mark will be. People I talked to seemed to think it was easier than last year. I didn't. :(

If the pass mark is around 60 then I'm borderline...if it's higher, I'm not.


What the heck is up with this emoticon? :horse:

[Kairn]

I didn't think it was such a jumbo problem...

No matter what, I'm just glad it's all over.

:roll:

[Flora]

did not write a thing on that last problem - I can answer questions about specific Notes, but I cannot just pull then into my head and figure out which ones apply.

BTW the Canadians had a different large problem at the end!

-oh, borderline here too (OK now I am singing early Madonna!)

[Hagbard Celine]

The last problem was just a bunch of BS for me. I don't think I answered anything with any substance.

I chicken-scratched during the last 5 minutes so it's probably incoherent.

I'd be happy with anything >0 on the last question, including a .25 mercy point.

I didn't know the Florida Excess Profits question because (in my words) "who the hell would ever ask about that." :duh:

[Semprini]

Anyone have any ideas on the T/F? Here are mine, but no guarantees, a lot of these were just guesses:

FF-FT FFF-F FTFFT TFTTT TTFFF TF-TF TFFTF F

[Cynical Realist]

What the heck is up with this emoticon? :horse:

I believe it is "Beating a Dead Horse", but carry on, this horse is still alive.

[Spike]

I think #20 should be False - the reserving risk charge is for the potential future adverse development of the reserves, not the adequacy of current reserves.

[yeppers-wsmn]

What the heck is up with this emoticon? :horse:

I believe it is "Beating a Dead Horse", but carry on, this horse is still alive.

here's the only explanation I could come up with.

http://www.errolmorris.com/index4.html

[Semprini]

Spike - unfortunately for me, you are correct. However, I still say it is a trick question :)

[MNBridge]

Surprised there is so little discussion on the exam. Not sure if this is a good or bad sign.

I'm guessing I got 52 + BS points. Should put me borderline. If pass mark is below 60 I think I'll pass otherwise it looks like it will at least another year before I'm an actuary.

Here is a post from the CAS site.


Posted by 'Iancurtis' on CAS discussion forum.
I'll be courageous and offer my T/F answer key (I needed something to do last night while watching the disappointing Mavs/Kings game).
FFTTT FTFTF TTFTT FFTTF TTFFF TFTTF TFFTF F

I'm still struggling with #33 ("Kurz asserts that the cost incurred in the uniform classification of expenses generally exceeds the benefits received from the process."). That statement should be false as it's an implicit point of his paper that the benefits should exceed the costs, but Kurz never seems to actually says that it generally does. The closest he gets to that is "...the cost of operating the system should not exceed the benefits to be derived from the system." Does "should not" negate "generally exceeds"?

Fire away!

[Snape]

Maybe we are all demoralized. My best guess score is just above 50 and that won't do it unless there is a low pass score.

:viola:

[Spike]

The CAS Answer Key is posted on the last page of the following link:
http://www.casact.org/students/studytools/exam7u/02-7u.pdf

It matches all of the Iancurtis answers except for #14, which is False.