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Long-Term Actuarial Math Old Exam MLC Forum

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  #161  
Old 04-17-2019, 08:08 PM
magicjello magicjello is offline
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Originally Posted by bigmac View Post
I also think there will be something on markov chains.. maybe related to the ones mentioned in the study note
-one that has something to do with variance (or this might be incorporated elsewhere) perhaps with a question regarding loss at issue
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  #162  
Old 04-18-2019, 02:46 AM
elvi11 elvi11 is offline
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Does anyone know what a 5 grade on a WA question mean? Is a 5/5/5/5/0 for instance sufficient to pass? Does a 5 mean that half of solution was correct? I am trying to "translate" a WA grade into the actual point....
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  #163  
Old 04-18-2019, 01:02 PM
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How likely are questions that have DML to show up on the exam? I'm going over joint-life / last-survivor and contingent insurance and the TIA keeps using examples with DML. I'm trying to figure out if it is worth re-learning all the annuity certain formulas that are associated with DML.
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  #164  
Old 04-18-2019, 01:13 PM
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How likely are questions that have DML to show up on the exam? I'm going over joint-life / last-survivor and contingent insurance and the TIA keeps using examples with DML. I'm trying to figure out if it is worth re-learning all the annuity certain formulas that are associated with DML.
Recently, uniform distributions have come up on about 0.1% of the points, the forever-constant-force exponential model about 2%, constant forces in multi-state settings about 2-to-3%, and the standard Ultimate Life Table about 25%.
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  #165  
Old 04-18-2019, 03:47 PM
bigmac bigmac is offline
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This may have already been asked before but I can't seem to find anything on the soa site. Lets says that a WA question says we need to find an answer to nearest 1. Does that mean if we use that number later in the problem we use the number rounded to nearest 1 or do we take the more exact number? I'm doing some of the WA problems and some of the answers I get are off due to the fact that I either take the rounded number when SOA didnt or vice versa.
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  #166  
Old 04-18-2019, 05:56 PM
SweepingRocks SweepingRocks is offline
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Originally Posted by bigmac View Post
This may have already been asked before but I can't seem to find anything on the soa site. Lets says that a WA question says we need to find an answer to nearest 1. Does that mean if we use that number later in the problem we use the number rounded to nearest 1 or do we take the more exact number? I'm doing some of the WA problems and some of the answers I get are off due to the fact that I either take the rounded number when SOA didnt or vice versa.
I asked this earlier and the answer I got (please correct me if this information is false) is that it doesn't matter as long as you show your work.
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  #167  
Old 04-18-2019, 10:11 PM
NchooseK NchooseK is offline
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Originally Posted by SweepingRocks View Post
I asked this earlier and the answer I got (please correct me if this information is false) is that it doesn't matter as long as you show your work.
SOA does not use a consistent rounding method in its official solution set.

Report values following accuracy guidelines. Feel free to report more accurately.

You will not be penalized twice for the same error; full credit may be awarded for wrong answers to a part if you were penalized earlier (read: in a previous part) in the problem.
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Last edited by NchooseK; 04-18-2019 at 10:24 PM..
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  #168  
Old 04-19-2019, 03:07 PM
NoFunnyStuff NoFunnyStuff is offline
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11 days to go. Crunch time baby....
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  #169  
Old 04-19-2019, 06:58 PM
MarkovChains MarkovChains is offline
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What do you guys suggest focusing on the last few days? WA or MC questions and what material to focus on?
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  #170  
Old 04-19-2019, 07:46 PM
magicjello magicjello is offline
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What do you guys suggest focusing on the last few days? WA or MC questions and what material to focus on?
I'm hoping to do an adapt exam per day, and then 3 or 4 WAs. Also reviewing formulas daily.
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