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IFoA_CAA_M0 Exam - Topic 7 Question 11 Discussion

Posted by Leota on May 09, 2022 at 11:53 AM

A weekly pet insurance premium is given by a solution of the following equation:

4x2 - 11x - 3 = 0

Calculate the premium.

Suggested Answer: D

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12 comments · newest first
TY
Ty 11 months ago
Not sure about that, I thought it would be higher!
CA
Cassie 12 months ago
I agree, 0.75 seems right based on the calculations.
ST
Stephanie 12 months ago
Wait, how can the premium be negative? That doesn't make sense!
RE
Renay 12 months ago
I think the premium is definitely 0.75.
AL
Alonzo 1 year ago
The equation is a quadratic, so we can use the quadratic formula!
PE
Pedro 1 year ago
If I recall correctly, using the quadratic formula should give us two solutions, but we need to find the one that makes sense for a premium.
RO
Ronny 1 year ago
I’m a bit confused about the signs in the equation. I think I might have messed up the calculations last time we did this type of problem.
OD
Odette 1 year ago
I think I saw a similar question in our review session, and I believe the premium should be a positive value, so I’ll eliminate the negative options.
KA
Kassandra 1 year ago
I remember we practiced solving quadratic equations like this, but I’m not sure if I should use the quadratic formula or factor it.
BE
Beth 1 year ago
I'm not entirely sure about the difference between Dual-Site and Multi-Room. I'll have to review my notes on that.
ED
Edgar 1 year ago
This seems like a pretty straightforward question. I think the key is understanding how the root object works in the dataset builder.
DA
Dacia 1 year ago
I think the availability of competent staff is really important, but I'm not sure if it's the most critical factor.
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