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Huh? That 5% seems really sketchy. For instance, let's say 50% of L2 candidates are first timers. Then only 2.5% of candidates are first time passers. If the overall passing rate is 40%, then only 1/16 of people who passed L2 did so on the first try.

Similarly, if 25% of candidates are first timers, then 1.25% are first time passers and 1/32 of passers are first timers.

If 75% of candidates are first timers, then 3.75% are first time passers and 3/32 of passers are first timers.

I don't know what you're thinking, but this fails the common sense test to me. If Schweser really says it's 5%, then it's hard to believe that this is anything other than them trying to scare people into buying their product.

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