calc error in communications exam
I think you just slightly misunderstood what you're friend told you. I'm sure it works pretty much like this:
1.) if you make a simple calculation error (like the one you described) in a communication exam, you won't lose more than a couple of marks. (Its a communications exam, so it would be pretty silly if they penalised you more for something like that than they would in a technical exam).
2.) if your calculation error leads you to the 'wrong' conclusion, and to therefore give you 'wrong' advice, it doesn't matter. (Again, its a communications exam, so it would be pretty silly if they penalised you for this when they wouldn't in a technical exam (since in a technical exam you'd pick up all the follow through marks)).
3.) however if your conclusions and/or advice are not consistent with your calculations, e.g. if you are comparing two projects, and you show project A has a higher NPV and a higher IRR than project B, but then say that means project B is the best choice, then in that situation you would look pretty dumb so maybe they would consider failing you for that.
(It is a communications exam, but if you seem completely incompetent and failing to grasp fairly basic actuarial ideas, they're not going to want to pass you).
However, they're isn't likely to be anything too techically depanding in a CA3 paper, and I expect you'd have to have a major misunderstanding for them to consider failing anyone on these grounds.
Last edited by a moderator: Jul 13, 2011