标题: Higher Percentages to Pass [打印本页] 作者: jlg1982 时间: 2011-7-11 18:38 标题: Higher Percentages to Pass
I'm sure I'm not the only one who's considered this, but based on the fact that there are now only 3 answers instead of 4, wouldn't that mean the percent needed to pass would be higher because everyone will do a bit better on this exam?
So we should be talking 80% or better?作者: Maddin 时间: 2011-7-11 18:38
The odds of guessing correctly has improved; however, I doubt serious candidates are guessing throughout the entire exam. The rationale for the move from 4 to 3, as I understand it, was based on the fact that 1 of the 4 answer choices was generally way out in left field and any reasonably prepared candidate could eliminate that answer choice.
I've heard the min passing score could inch up a point or two or maybe three, but I seriously doubt 80.
Schweser and Stalla are still standing by the old saying "take solace in the fact that no candidate has ever failed w/ an overall score >70%"... of course we can't hold them to that, but I think they would have hedged by now if they truly thought the min passing score was going to 75 or 80.作者: Bulla564 时间: 2011-7-11 18:38
The passing rate is based on the 70% of the average score among the top 1% candidate. IF the average among these brilliant minds is 94%, the MPS is 0.7*94 = 66%.
Well, ask yourself how tough to get a 94% in a 6 hour 240 Qs exam.
That is how the passing rate is set I presume.作者: FVPV 时间: 2011-7-11 18:38
well that means , whatever be the highest score if you got more then 70% you are through ?作者: bluejazzy 时间: 2011-7-11 18:38
If the minimum passing score is 70% of the top 1% scores ,then for sure it is 70% maximum .作者: johnnyBuz 时间: 2011-7-11 18:38
i don't see the passing mark changing. it doesn't serve a purpose relative to other years, if they then go and drop it in 2 years time.
so long as the standards are met, that is all CFA institute is about. they are after all not for profit (i think)作者: waldziuchna 时间: 2011-7-11 18:38
We really need a sticky about the MPS and how it is calculated.作者: Daniel1985 时间: 2011-7-11 18:38
That means that almost always the rate MPS is 70 or less. 70 in the case that all top 1% score 100 which based on the CFAi email, I think has never happened. maybe they make it 73% or higher to make it harder.作者: kamara5 时间: 2011-7-11 18:38
I agree
plus I beleive that maximum mps will be 70 pct
btw, I calculated probability of passing (say mps 70 %) with 3 and 4 possible answers if you just guess.
it is a nice exercise, and the difference is very low, close to probability of passing.
you can calc it too (use your quant knowledge base :-))作者: draz 时间: 2011-7-11 18:38
It has no impact on the passing rate since only the top 20-30% scorers will pass
everyone has the equal chance for guessing the correct answer作者: kasinkei 时间: 2011-7-11 18:38
"CFA is not about separating the cream from the crop, as we all like to believe, it is about proving you have a certain level of knowledge."
NULL Hypothesis : CFA is competition .
Alternative Hypothesis : Earlier people used to be smarter (>50 % passing rate) and now people are getting dumb on average !
what every one say ? reject NULL ? !作者: Siddimaula 时间: 2011-7-11 18:38
Chuckrox8 Wrote:
-------------------------------------------------------
> We really need a sticky about the MPS and how it
> is calculated.
I saw that somewhere, I just can't find it.......either way its going to be roughly around 70%.
!