Actuarial Outpost
 
Go Back   Actuarial Outpost > Exams - Please Limit Discussion to Exam-Related Topics > SoA > Group and Health Track > Group & Health Core Exam
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

Actuarial Jobs by State

New York  New Jersey  Connecticut  Massachusetts 
California  Florida  Texas  Illinois  Colorado


Group & Health Core Exam Old Group & Health Design & Pricing Forum

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 04-16-2019, 07:56 AM
tbug's Avatar
tbug tbug is offline
Note Contributor
SOA
 
Join Date: Jul 2006
Studying for G&H Core
Favorite beer: Yuengling
Posts: 10,841
Default Fall 2018 #7 (advice, not a question)

This question is absolute garbage. The assumptions given are nowhere near enough to be able to calculate what they are asking. The sample solution is a very rough estimate - like, 10,000 miles away estimate. The best use I can think of for doing a calculation this way is as a check to see if your real work is the right order of magnitude.

From exam day:
Quote:
Originally Posted by Sredni Vashtar View Post
OH finally dumb question-- what was with the 2nd APBO question in the morning?

Something about the plan changing, so prior service I assume?

But I couldn't think of any way to calculate the new APBO given the like 3 assumptions they offered.
Yep.

Since the actual exam is likely to have some trash questions on it (they always do), I think it's a good idea to work through the model solution on this one to get an idea of one way to bullshit your way to an answer with severely limited information.

My plan for the exam when I don't think the question makes sense is to state what's going on what what assumptions I'm making explicitly.
"The only way I can do this problem is to assume that the retirees are all exactly 65, the 60-64 Actives are all exactly 60, and the current Active APBO is distributed equally among all actives. These assumptions don't make much sense but it's the only thing I can do with the information given."
At the same time not spending 15 minutes writing a long essay about it, because it's only a 3 point question.
__________________
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 02:09 AM.


Powered by vBulletin®
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.11423 seconds with 9 queries