Should I really have failed L2 (band 10)? someone, through, failed, really, please

jim8z3

Before I spend $100 to retabulate my score, can someone please give me some feedback on my score for level 2? I have read through some of the other threads and I honestly feel like I did just as well (or bad) as some of the people who passed.
<50%  
51%-70%
>70
Alternative Investments
-
*
-

Corporate Finance
-
-
*

Derivatives

*
-
-
Economics
-
*
-
Equity Investments
-
-
*
Ethical & Professional Standards
-
*
-

Financial Reporting & Analysis
-
-
*
Fixed Income Investments
-
-
*

Portfolio Management
-
*
-

Quantitative Methods
-
*
-
I know I bombed derivatives, but I thought my scores in FRA, Equity, CF and FI would make up for it.
What do you think?

Muddahudda

I think i might have the weirdest passing matrix
>70% Alternative Investment, Equity, Financial Reporting
<50% Economics & Corp Finance
the remainings are in the 50%-70% bucket.

SkipE99

The matrix is designed to give you a general idea how you did in each section (fail/pass/killed-it).  It is not designed (and therefore does a terrible job) in showing you how you did overall.
I made up a spreadsheet that calculates people’s min and max possible scores for all the L2 matrices posted on AF.  The average range between min and max possible scores is 23%.  That is, in general, two people could have the same matrix although one of them got 60% (fail) and the other 83% (easily passed).  There was one person (whatsyourgovt) that has a min possible score of 50% and a max possible score of 80% (this person failed).  While there is another person (lankylint) that has a min possible score of 49% and a max possible score of 74% (this person passed).
Don’t read too much into the matrix.  Some look terrible but are still consistent with a high max possible score - while others look great but are still consistent with a low minimum score.

smuggycfa

Good work with the analysis. I would agree with most of what you’ve written. What surprises me, however, is that I completely bombed the ethics section and still managed to pass. There are folks who got a band 10 with > 70% in Ethics and a better overall scorecard. This makes me feel that the ethics adjustment is minimal at best.

parott

The mysterious MPS is hidden by the score matrix. I think 2012 MPS required around 75 correct answers or more but less than 80 and this year it must be significantly higher, say 80 correct answers or more which translates to around 70% of possible points. The popular 40/60/80 is flawed. A better way is to use the <=50%, <=70% and >70% to calculate the correct answers in each topic and you must round it to integers. e.g. if in 24 questions topic you get 50< and <=70%, you calculate the low end, high end and mean of them. so it’s 13, 14.5, and 16.. After calculating for each topic sum them up and get total low, mean and high. This is still flawed because each person may swing their correct answers in the range in the same direction. In extrem cases one may pass with low number and another may fail with high numbers
I noticed some passing matrix and some band10 matrix are very close, some band 10s look even better.
Here some examples and you can search their name and matrix.
Passing:
Name        low, mean, high
lankylint     59, 74, 89
trogulj        57, 74.5, 92
fight4life     59, 75, 91
kingpin804  58, 75, 92
tezakhiago  60, 75.5, 91


band 10
name
cheesydyde1234, 76, 87.5, 99
Nodic                     74, 87, 100
Hartms07               74, 84.5, 95

OmarAdnan

The ranges may give you a better idea.  If I punched these in correctly, then here they are:
(# questions correct, not percentages)
who
min
max
avg
best possible
90
120
105
ptwindsor
77
108
92.5
levfings
73
107
90
Nordic
74
100
87
cheesydude1234
72
98
85
rafaelespana
65
96
80.5

firat

Sorry to hear that everyone - but you guys are scaring the crap out of me that I almost failed. This was my passsing matrix. Looks like u guys did better than me!
Item Set
Q#
Topic
Max Pts
<=50%
51%-70%
>70%
-
Alternative Investments
36
-
-
*
-
Corporate Finance
36
-
-
*
-
Derivatives
36
-
-
*
-
Economics
18
*
-
-
-
Equity Investments
72
-
-
*
-
Ethical & Professional Standards
36
-
*
-
-
Financial Reporting & Analysis
72
-
-
*
-
Fixed Income Investments
18
-
-
*
-
Portfolio Management
18
*
-
-
-
Quantitative Methods
18
*
-
-

thommo77

Band 10 too
Q#
Topic

<=50%
51%-70%
>70%
-
Alternative Investments

-
*
-
-
Corporate Finance

-
-
*
-
Derivatives

*
-
-
-
Economics

-
*
-
-
Equity Investments

-
-
*
-
Ethical & Professional Standards

-
*
-
-
Financial Reporting & Analysis

-
-
*
-
Fixed Income Investments

*
-
-
-
Portfolio Management

*
-
-
-
Quantitative Methods

-
*
-

thecfawannabe

Item Set
Q#
Topic
Max Pts
<=50%
51%-70%
>70%
-
Alternative Investments
36
-
*
-
-
Corporate Finance
36
-
-
*
-
Derivatives
36
-
-
*
-
Economics
18
*
-
-
-
Equity Investments
72
-
-
*
-
Ethical & Professional Standards
36
-
-
*
-
Financial Reporting & Analysis
72
-
-
*
-
Fixed Income Investments
18
*
-
-
-
Portfolio Management
18
-
*
-
-
Quantitative Methods
18
-
-
*
Murk. Fuck Alt – that jank was insane.

busterbluth

thinking the same whether its worth the retab…on band 10 as well, pretty heart breaking


-
Alternative Investments
36
-
*
-
-
Corporate Finance
36
-
*
-
-
Derivatives
36
-
-
*
-
Economics
18
-
*
-
-
Equity Investments
72
-
-
*
-
Ethical & Professional Standards
36
-
*
-
-
Financial Reporting & Analysis
72
-
-
*
-
Fixed Income Investments
18
-
*
-
-
Portfolio Management
18
*
-
-
-
Quantitative Methods
18
-
*
-