2018-Spring Q16 - IRIS Ratio 1
In the solution provided by CAS it says that "if IRIS 4 found to be usual" IRIS Ratio 1 = GWP/(PHS - Surplus Aid)
I thought you only subtract surplus aid if IRIS ratio 4 is found to be UNUSUAL...
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In the solution provided by CAS it says that "if IRIS 4 found to be usual" IRIS Ratio 1 = GWP/(PHS - Surplus Aid)
I thought you only subtract surplus aid if IRIS ratio 4 is found to be UNUSUAL...
Comments
These are typos. Sample 1 should read "unusual."