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#321
03-20-2017, 01:05 AM
 sandwich SOA Join Date: May 2016 Posts: 7

Quote:
 Originally Posted by Triple Z I've seen this info somewhere, but cant seem to find it. Can someone post the recommended time that should be spent on each of the MC questions and how much time per point on the WA q's. Need to start working on my strategy...
The exam is designed to allow 2.5 minutes per point. So that is 5 minutes per MC. For the WA just multiply the points on each problem by 2.5 and that is how much time should be spent.
#322
03-20-2017, 03:06 PM
 Triple Z Member SOA Join Date: Feb 2014 Posts: 36

Quote:
 Originally Posted by sandwich The exam is designed to allow 2.5 minutes per point. So that is 5 minutes per MC. For the WA just multiply the points on each problem by 2.5 and that is how much time should be spent.
Thanks, I was looking for something a bit deeper.

Since MC problems are typically easier than the written answer ones, i think those points should be allocated differently. Perhaps like ScarletGrey wrote to try allow 2 mins per point on the MC which would give more time for the WA q's.
__________________
VEE
P FM MFE MLC C
1 2 3 4 IA 6 7 FA

"It turns out tools are complex; give a tool to a tool, and your result will be negative"
Spoiler:
$\sum^\infty_{k=0}{_{k|}}q_x =1$
#323
03-21-2017, 12:03 AM
 sandwich SOA Join Date: May 2016 Posts: 7

The exam is designed so that a well prepared student should be able to complete the exam at a pace of 2.5 minutes per point. That's how the SOA wants it so that's how I would approach it. The MC are easier which is why they are only worth two points while the WA are worth much more. You can dig all you want but I don't see the benefit in making things more difficult than they really are. At the end of the day all points are worth the same.
#324
03-21-2017, 01:00 AM
 gcact Member Join Date: Jan 2013 Studying for MLC College: FSU Posts: 559

Is anyone using the ADAPT WA by topic? I'm working through the reserves right now and #2 is stumping me because I'm not sure why they use 1E30 when calculating a 5 yr endowment on (30).

Additionally, the posted solution is 39615 and the question says show that is 48000 to the nearest 1000.

Since this G gets carried throughout the problem, it's tough to check my answers...
#325
03-21-2017, 09:10 AM
 Triple Z Member SOA Join Date: Feb 2014 Posts: 36

Quote:
 Originally Posted by gcact Is anyone using the ADAPT WA by topic? I'm working through the reserves right now and #2 is stumping me because I'm not sure why they use 1E30 when calculating a 5 yr endowment on (30). Additionally, the posted solution is 39615 and the question says show that is 48000 to the nearest 1000. Since this G gets carried throughout the problem, it's tough to check my answers...
Just started to use adapt, how do I specify WA? I'm only seeing MC quizzes.
__________________
VEE
P FM MFE MLC C
1 2 3 4 IA 6 7 FA

"It turns out tools are complex; give a tool to a tool, and your result will be negative"
Spoiler:
$\sum^\infty_{k=0}{_{k|}}q_x =1$
#326
03-21-2017, 09:20 AM
 ScarletGrey08 Member SOA Join Date: Dec 2013 Posts: 408

Quote:
 Originally Posted by gcact Is anyone using the ADAPT WA by topic? I'm working through the reserves right now and #2 is stumping me because I'm not sure why they use 1E30 when calculating a 5 yr endowment on (30). Additionally, the posted solution is 39615 and the question says show that is 48000 to the nearest 1000. Since this G gets carried throughout the problem, it's tough to check my answers...
The solution is wrong. If you sub out the E34 term they used with the correct E30 term, the premium calculated is 48,423 - which would match what they said it should be. Unfortunately they carried the wrong premium through to the other parts, so just check your logic and not the actual numbers.
__________________
P FM MFE C VEE FAP
#327
03-21-2017, 09:21 AM
 ScarletGrey08 Member SOA Join Date: Dec 2013 Posts: 408

Quote:
 Originally Posted by Triple Z Just started to use adapt, how do I specify WA? I'm only seeing MC quizzes.
Click on "Dashboard". There's a button for "Adapt" (which is the MC quizzes/tests) and also "MLC Written Answer", which has 10 questions per topic.
__________________
P FM MFE C VEE FAP
#328
03-21-2017, 09:24 AM
 gcact Member Join Date: Jan 2013 Studying for MLC College: FSU Posts: 559

Quote:
 Originally Posted by ScarletGrey08 The solution is wrong. If you sub out the E34 term they used with the correct E30 term, the premium calculated is 48,423 - which would match what they said it should be. Unfortunately they carried the wrong premium through to the other parts, so just check your logic and not the actual numbers.
Thanks, I just saw on the adapt discussion board that Abe had sent an updated solution for them. Hopefully they get it posted soon
#329
03-21-2017, 11:35 AM
 Triple Z Member SOA Join Date: Feb 2014 Posts: 36

Quote:
 Originally Posted by ScarletGrey08 Click on "Dashboard". There's a button for "Adapt" (which is the MC quizzes/tests) and also "MLC Written Answer", which has 10 questions per topic.
__________________
VEE
P FM MFE MLC C
1 2 3 4 IA 6 7 FA

"It turns out tools are complex; give a tool to a tool, and your result will be negative"
Spoiler:
$\sum^\infty_{k=0}{_{k|}}q_x =1$
#330
03-22-2017, 12:38 AM
 sandwich SOA Join Date: May 2016 Posts: 7

Are you guys doing practice exams yet? And if so, how is it going? I tried doing one of the TIA ones and totally bombed it. Overall it was a complete waste of time and so frustrating that it is still effecting my confidence. At this point I think I am going to keep doing practice problems until the last two weeks and then hopefully knock out the six SOA exams. It's a bad situation but I think that is the best I can do at this point.

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