Grading full exam

David..

i had earlier written to you on a note in a public forum of a course provider that less than 70 % anwers correct might even make you a winner. I reproduce below a clarification by them on this :
Quote
Answering 70% of the questions correctly is usually considered a good gauge for a passing result. When I said not answering this amount correctly, I was referring to correctly answering a percentage that was slightly less than 70% (e.g., 65%). Nevertheless, I have clarified the post. Thanks. GARP has stated that the passing score is based on 75% of the top 5% of scores. So the passing mark depends on how those top performers score. Regarding, the coverage of AIMS and full exam weightings, I do agree that some of the weightings are questionable. For example, I would think that credit risk should receive higher than 10% and current issues should be lower than 10%. However, this is what is outlined in the study guide. Bottom line is that you need to know the material. In the past, candidates have commented that a handful of questions have appeared outside the AIMS. You should be aware of this and not let it throw you off on exam day. However, given the huge amount of readings and AIMS this year, GARP has plenty of material to choose from when writing questions. My thought is that they will do a much better job writing questions that pertain to this year’s assigned readings than they have in previous years. Kind regards. UnQuote.

I really appreciate their views but request your views on the point that given GARP's heterogenty in a sea of AIMS and their said coverage of qns and a general uncertainty in full frm exam qns coverage many feel no of full frm candidates may be less that as imagined and the top 5% scoring may not be so great that may push the grading low. I am writing this not because of anxiety in preperation but only to look at the chances of getting through.

thanks David despite a complex confusing qn.
(I am not undermining either Full exam qns or ful exam as such but keep in mind the cautions u have written to me in the past)
venkat
 

David Harper CFA FRM

David Harper CFA FRM
Subscriber
Hi venkat,

The GARP site says only, "The passing scores will still be determined based on a ratio of the absolute score to the average of the top 5% of candidate test results"
I am skeptical of (I doubt) the "75% of top 5%;" setting 0.75 beforehand presumes at least a modicum of ex ante knowledge about the distribution. I just don't believe it, speaking for myself...

You've been a long-time and *valued* visitor, so i am just going to tell you what i really believe, okay? IMO, the knowledge you seek cannot be currently found (sorry). It's all pure speculation (including the speculation that "they will do a much better job writing questions" ... I disagree 100%: the massive expansion creates more landmines for good questions; e.g., there is material definitional cross-interference). Based on what i know, the L1+L2 will necessarily be graded on a big fat curve, and not much (if anything) can be known about this curve beforehand. Certainly, nothing *useful.*

sorry i can't be more help, hope you are doing well venkat!

...David
 
David..

Thanks DAvid.. for a lucid reply. Your perception makes me feel that do your best, take your chance , come what may. My prep is so far ok having done a full round once and now on second leg struggling to cope with practice qns. To rea;;y assimilate the concepts , and chew them always is a mammoth excerxise. Your current and 2008 vidoeos were quite helpful. (i still love the format and exposition of 2007 videos).

hmm .. hoping to do the best.

Thanks once again

Venkat
 
David..

2007 videos

1. camtasia player fles are clearly audible, nicely formatted, can see in Internet exxplorer screen in an elegant fashion.

2. the best part is theway the whole topics are packed. eg volatility, VaR, Deriatives, EVT, Cr.risk. For e.g if u want to listen to EVT, there is a seperate tutorial distonctly available at the same time AIMS are not missed out. ( I do agree in the present GARP AIM structure, a bit difficult0.

3. Also in each tutorial , to the left we can see the index excellently done so that topics not interested can b skipped.
We have pie cart at the cormer reminding how far we have moved in the curriculum.

The files compacted in zip files like exceed files (if I am right are easy to download and preserve.

Files in 2008 and 2009 vary significantly as compares to above. Parsing topics is difficult. In fact I relabelled them to suit my parsing.
Wellthat is ehat comes to my mind.

Any tips for my lsat min touches for the exam David..?

Venkat
 

David Harper CFA FRM

David Harper CFA FRM
Subscriber
Venkat - mine too, then :)

Thanks for feedback above ... really appreciate that. I agree with (2) especially: next year I think I will sequence by "key topic." But parsing by topic, I felt, was too hard for 2009 given everything is new...thanks again...David
 
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