I have just completed this paper and I have a few general Paper 2 questions as well as specific questions to this paper.

- Do we need to include information about self-checks in the summary document? I don't think we do but am hoping you can confirm this.

- In the model solution some key values are included like the target profit and revenue from each parcel delivery in the data section. Is it important to include the key information/data values here?

- In the model solution there is a...

October 2019 Paper 2]]>

The IFoA states that there has been a new curriculum set for CP2 since 2019.

Question 1) So, are exam in say 2017 and 2018 relevant to do for exam practice for 2022?

Question 2) Were these curriculum changes very large such that the 2018, 2017 etc. exams are not useful to do as mocks?

Thank you for your replies.]]>

I have done the Sept 2020 Paper 2 exam. It is about an insurance company that is bringing out a new product to insure mobile phones.

The final scenario is to find (using Goal Seek) a policy excess that results in a given profitability for the product. However, my answer was incorrect. I thought my answer was wrong but pressed ahead with the exam.

My Results, Commentary and Next Steps related to this incorrect answer were done correctly (e.g. I did the plots correctly and made valid...

Results, Commentary and Next Steps. Marks for incorrect answer.]]>

I have just completed Paper 1 April 2019 and I accumulated a few questions:

1) When watching the online classroom it states that in the Audit trail we should include our spreadsheet conventions and parameters however these were not included in the model solution Would you recommend including them?

2) In the model solution student A19 is mentioned as having a zero score, did we have to mention this?

3) When is it appropriate to use STDEV.P and STDEV.S? I used STDEV.S...

April 2019 Paper 1]]>

I have just completed my first attempt at a Paper 2.

General questions

Is it normal to find the commentary on results and conclusions the hardest bit to complete?

How would you suggest splitting the time over the Methodology/Commentary on results and conclusions/Next steps?

If we copy a spreadsheet when making updates to the model, is it important to dynamically link any of the cells that are not being changed in the model?

Specific questions

Why is finding...

April 2020 Paper 2]]>

In the data adjustments there was an N in the age bands, which should have been an S or a J. In the model solution it says this is changed to an S, presumably this is because it is within the "S's" on the list. However, I probably over thought it and said I would change it to a J as J is near the N on the keyboard so I assumed a mistype. However, this changes some of my solutions, will I have been marked down for this or will it have been ok because I justified it?

Thank you,...

April 2020 Paper 1]]>

On page 29 of the online classroom handout under Parameters there are two points:

Comment on any minimums/maximums in the model

Can you give any examples of what these could be as I am not sure I have come across a situation where these would be appropriate/make sense?

Thank you,

Rachael]]>

Estimated total deposit = Monthly deposit * 12 * Deposit Term * (1+i)^(Deposit term/2)

This assumed even repayments are made over the year.

I don't quite understand how this formula is valid. In its current state it shows that we have 24,000 accumulating over 1 year]]>

In Chapter 7 of the notes on page 8 it states how we can enter mathematical formulae if we need to. I know it is unlikely that we will want to do this but there is no mention of using the Equation Editor tool, if we did want to could we also use this tool as this now is included in word?

Thank you]]>

I have done the 2019 Sept Paper 2 Exam. However, I couldn't find the same Goal Seek’ed figure as in the examiner's solution. I have checked and my Excel formula and resulting figures in the tab are the same as the examiner’s solution as is my Goal Seek method (what to put into the seek’s input box).

The Exam's Goal Seek question asks us to find a figure (cost of a parcel delivery) such that all simulations meet a target profit amount. The model answer is 2.3....

Goal Seek didn’t find model solution. Why?]]>

"The check below the Fund Value at Retirement column uses an AND function to ensure hat the values of the fund increase down the column, ie

Mistake in Worked Example 1 Audit Trail?]]>

The Assessment Regulations were recently updated to say that "Images incorporated into the examination script will not be marked." We have always been told to paste graphs into our summary report for CP2 as images. Does anyone know if this still applies?

Recent communications from the IFoA have also advised that candidates should use double spacing in their answers - does this apply to the CP2 audit trail and summary report?

Would be grateful if any ActEd tutor could advise.

Thanks.]]>

Thank you,

Rachael]]>

Where can I find the marking schedule for the audit trail? I could only see the model solution in the online classroom and not the marking schedule.

Thank you]]>

I just wondered if there is a pre-prepared excel document with the data from the background sheet in, or if we are expected to reproduce these in the document?

Thank you]]>

For the Observed, since we do not know the number of claims under the excess, the colleague assumed to make it equal to the expected (532) which is in red font.

Now, part of the formula to get to the expected value of 532 is the total number of observed (which

Sept 2020 Paper 2]]>

However, I tried using a different method, as implied by other past papers, of using the chi-squared test (more notably the CHIINV function). the answer of summing up the (Actual-expected)^2/expected gives 9.2, whereas the test statistic gives 16.9 (for 9 degrees of freedom as split in 10 buckets of 0.1's, and prob of...

CP2- September 2019 Paper 2- Data check]]>

I found the April 2021 paper particularly challenging, given the complexity of the modelling requirements. This paper had flagged up two major questions I have:

For example, part(iv) asked us to model the cumulative battery charge level, allowing for increase or decreases calculated in the previous parts.

To do this, I needed to understand (and visualise) the entire process. So I...

April 2021 Paper 1]]>

Can I have some advice on how to prepare the exam file to be submitted?

We may be provided exisiting Excel files, with raw data or existing model(paper2).

Should we do our workings directly on these downloaded files (make a copy for back up of original), or create a fresh new file and then copy everything across?

It will be much easier and faster to work directly. However, I am worried that the “date created” and “original Author” of the file property will flag us as cheating?

Eg:...

Working directly on Excel file downloaded]]>

Should the graphs be pasted into the audit trail or should they just be described?

Thanks,

Orla]]>