I am studying for Exam 6 and I came across what I believe to be an error in one of the solutions for fall ‘08 exam 6. On the Fall Exam 8 posted on the CAS website, URL: http://casualtyactuarialsociety.net/...6/fall08-6.pdf, question #4. PDF page 54 contains the method I used to answer the question. This page agrees that 888.7 (avg. case oustanding) * 43 (open claims at 48 months) = 38,214. However, they seem to think that $38,214 + $138,547 (cum. paid loss at 48 months) = $177,761, when clearly it is $176,761.

Now, for a more general and pressing question. If, on an exam, I made a typo and was off by $1000, or if I was off by a few dollars from inconsistent rounding or something odd that I did, how much will this be penalized by the graders? Do they look to see the exact answer that they have on their grading sheets? Notwithstanding that $1000 difference, I also carried an extra decimal place on one number for no apparent reason, and I was off by a few dollars on my answer to part (b). Would I still get full credit?

I guess what I'm asking for are general guidelines on what are acceptable answers for Exam 5-8 questions, as I've never taken any of these before... Thanks for any help on this!

Now, for a more general and pressing question. If, on an exam, I made a typo and was off by $1000, or if I was off by a few dollars from inconsistent rounding or something odd that I did, how much will this be penalized by the graders? Do they look to see the exact answer that they have on their grading sheets? Notwithstanding that $1000 difference, I also carried an extra decimal place on one number for no apparent reason, and I was off by a few dollars on my answer to part (b). Would I still get full credit?

I guess what I'm asking for are general guidelines on what are acceptable answers for Exam 5-8 questions, as I've never taken any of these before... Thanks for any help on this!

## Comment