In CT6 Sep 14 Q8, when calculating c for the insurer, we use alpha proportion into consideration. But in Ct6 Apr 2017 c is calculated using the entire mean amount without multiplying by alpha. Can I know why alpha is treated differently?
See attached. The September 2014 question had a mistake in it, which won't have helped. Often our ASET solutions provide the necessary detail that is missing from the Examiners' reports, so I've stitched together our ASET solutions of the time. Please ignore any obviously-out-of-date chapter references and exam advice lacking in prophetic knowledge of the online exam system that was in the pipeline. But hopefully this should clear it up. If not, could you please be more specific, referring to the exact page numbers of the attached as to what you think is different John
