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IFoA_CAA_M0 Exam - Topic 7 Question 11 Discussion

Actual exam question for IFoA's IFoA_CAA_M0 exam
Question #: 11
Topic #: 7
[All IFoA_CAA_M0 Questions]

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

4x2 - 11x - 3 = 0

Calculate the premium.

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Suggested Answer: D

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

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Ty
7 months ago
Not sure about that, I thought it would be higher!
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Cassie
7 months ago
I agree, 0.75 seems right based on the calculations.
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Stephanie
7 months ago
Wait, how can the premium be negative? That doesn't make sense!
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Renay
7 months ago
I think the premium is definitely 0.75.
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Alonzo
8 months ago
The equation is a quadratic, so we can use the quadratic formula!
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Pedro
8 months 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.
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Ronny
8 months 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.
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Odette
8 months 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.
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Kassandra
8 months 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.
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Beth
8 months ago
I'm not entirely sure about the difference between Dual-Site and Multi-Room. I'll have to review my notes on that.
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Edgar
8 months ago
This seems like a pretty straightforward question. I think the key is understanding how the root object works in the dataset builder.
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Dacia
8 months 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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