Question about Partial Credit/Losing Points
Hi Graham,
I had a more general question. Let's say I am asked to calculate Net Income, and I break it out into U/W Income, Net Investment Income, and Other Income in the excel sheet. Then in the breakouts, I accidentally put Other U/W expense into the Other Income category instead of the U/W Income category.
My final answer for Net Income is still the same, but in the process of showing my work I made an error. Would I be deducted points for this?
Thanks,
Comments
If they catch the error, I think the graders would probably deduct something small, but there's a chance they wouldn't even notice. It probably helps if you make sure your final answer is easy to find on the Excel worksheet.
(When I used to grade math exams, if the final answer was correct and the person's work looked sensible, then I usually just marked it correct without looking at every little detail of the person's solution.)
Hi Graham,
I have another general question. Sometimes a question may ask you to provide 3 answers like the below example:
Briefly describe three items the Appointed Actuary should consider in determining
whether it is reasonable to use the work of the Involuntary Pool Actuary in forming the 2015 SAO.
If i provided items 1,2,3,4,5. While items 1,2 and 5 are correct and items 3,4 are incorrect. Will I still get full scores?
Basically i want to know if it is beneficial to provide more points then requested if i am not confident with my answers.
Thanks.
No, the graders are aware of that trick that candidates use!
They have specifically stated that if they ask for 3 items they would only grade the first 3 responses and ignore any others.
What if it is like 2015.Spring_(13), simply asking you to explain why without stating how many reasons (though the 0.5 point implicitly tell you). Will it be beneficial to answer more?
In this case, the more reasons you give, the better your chances of getting it right. But you should weigh this against the fact that it's only 0.5 points.