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IFoA_CAA_M0 Exam - Topic 3 Question 18 Discussion

Actual exam question for IFoA's IFoA_CAA_M0 exam
Question #: 18
Topic #: 3
[All IFoA_CAA_M0 Questions]

1/5of actuarial students like skiing.

2/5of actuarial students like snowboarding.

1/3 of actuarial students like skiing andsnowboarding.

Calculate the proportion of actuarial students that like skiing orsnowboarding.

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Suggested Answer: B

by Aja at May 08, 2022, 10:14 PM

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Ettie
4 months ago
Are we sure those numbers are right?
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Fatima
4 months ago
Totally agree, skiing is the best!
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Wade
4 months ago
Wait, how do you even calculate that?
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Domitila
4 months ago
Snowboarding is way more fun!
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Coral
5 months ago
1/5 like skiing, that's low!
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Ahmed
5 months ago
I remember something about calculating probabilities, but I can't recall the exact formula for "or" situations. I hope I can figure it out during the exam!
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Tabetha
5 months ago
I'm a bit confused about the fractions. Are we supposed to convert them to a common denominator first, or can we just work with them as they are?
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Shonda
5 months ago
This reminds me of a similar practice question we did about preferences in sports. I think we add the fractions and then subtract the overlap, right?
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Vanda
5 months ago
I think we need to use the principle of inclusion-exclusion here, but I'm not entirely sure how to set it up correctly.
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Gilma
5 months ago
I think I've got this one. The question is asking for the first step, and the option that minimizes administrative effort is likely the one that involves the least manual work. I'm going to go with that.
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Jade
5 months ago
This looks like a straightforward question about the contents of a Business Case for a P3O. I think the key is to focus on the core elements that should be included, like the reasons for having a P3O and the high-level processes it will implement.
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Viki
5 months ago
Option D seems a bit excessive to me. Opening a second account just to split the requests? That seems like overkill. I think A or B are the better choices here. I'll have to weigh the pros and cons of each.
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Mari
5 months ago
Okay, let's see. DNS is the Domain Name System, so it's got to be related to the servers and network infrastructure that make up the internet. I'm going to go with B on this one.
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