View Full Version : Enough time for exam 1???
09-12-2002, 04:29 PM
I have a question, i just ordered averbach&Mehta study Guide and actex one pack. I have some calculus background and just a little probability background. Will i have enough time to study for and pass the exam in NOV. ??? how many questions do i have to get right in order to pass??
thanks in advance
09-12-2002, 04:43 PM
I've always heard the rough guideline for the pass mark is 60% or 24 out of 40 questions. Of course that is only a guideline. 7 weeks seems like enough time to pass the exam if you have a good math background. Keep in mind that the exam registration deadline is Sept 24, 2002.
how many questions do i have to get right in order to pass??
about 75% at home, 65% on the actual exam.
Weather or not you have enough time depends on what your "some calculus background and just a little probability background" really is. Take any old exam and try to do it. If you can get 1/3 right, have no clue about another 1/3, and can easily understand solution (but missed something in the formula) to the rest, you have a good chance.
Otherwise, start studying for the May'03.
09-12-2002, 06:22 PM
I think you have enough time if you get you but in gear. I studied for 5 weeks at 3-5 hours a day (minus weekends) and passed with room to spare. But...I had a degree in math so had done lots of calculus and didn't even know where to start on the Probablity.
When I took the test before reading the book I was getting 11 or so. After I did the book I would average in the 30's. When I did the test I only didn't know how to do 2 questions and walked out with a 10.. BUT I had very little life for 5 weeks..and I was lucky enough to study dureing my free time at work..
it's better to try, fail and get a better understanding of what you are doing than to wait until the next one (my opinion)
09-12-2002, 08:17 PM
Even with only a slight math background I would definately say you have enough time as you long as you have the time to put in a few hours a day and really crack down come October. Especially with the Temple manual....that is a great study guide! :)
Good luck! :)
09-13-2002, 09:40 AM
I say take it regardless. Taking the actual exam is great experience. If you do happen to fail, you'll know what to work harder on for may plus it'll help for may because you've already been through it once recently. good luck to ya! I'll be taking it with you for the 3rd and final time. The first time I took it, I only studied a month and had hardly any probability experience. But I was glad I had taken it anyways.
New at pd
09-13-2002, 10:14 AM
I studied for 6 weeks to take exams 100 and 110 (the predecessors of Course 1), and passed both -- it can be done.
09-13-2002, 01:54 PM
thanks for the reply guys,
im gonna go for it. As some of you said even if i fail it will be a good experience for me. And even if i fail i think i still have time to try again. I'm 20years old. I had calc. in H.S. and now i finished my Calc. Requirements in college. Im trying to take it to see how it is. I love math and calculus and so far the small amount of probability that i had in college i liked to, so thats why i thought i might give it a chance. I thought why wait till may when i could try in Nov. and see how it is. Well as soon as my books come im starting! It is going to be kind of difficult for me, because currently i have work 38hrs per week and have full time School(and now with studying for this test = no life for now :( . ), but im determined and i will try my best. So wish me luck guys!
New at pd
09-13-2002, 02:00 PM
I wish I could give you about 6 more hours each day. Until then, all I can do is wish you good luck.
09-13-2002, 02:17 PM
I want to repeat what one of the older posts said: Take one of the sample exams, and see how well you can do. Either you can do a fair amount of questions, even after checking the answers, or you can't. If you can't, then maybe you can't cram for this exam injust a few weeks.
Keep in mind that the first exam requires that you know a little insurance terminology, and there is a specifc reading on the syllabus for that.
09-13-2002, 10:29 PM
oh, i forgot to tell you guys. i am an insurance agent (licenced property casualty and health and life)(not really sure if it will help or not though) for a little over a year now so with insurance terminology im not worried about that. But what im trying to see is is it worth it for me to try? why or why not?
now i know i don't have too much time but im whilling to try. I guess this is how i am, its worth a try i guess.
Do the study guides help you enough to learn for the exam, did you guys find those really helpfull or not really?
thanks again, in advance
09-14-2002, 12:06 PM
Averbach and Mehta Course 1 study manual is a God-send. JMO.
09-14-2002, 12:13 PM
ditto for me on Averbach and Mehta's study guide (very thorough) as well as Probability for Risk Management by Haslett and Stewart (if you're unfamiliar with Probability...it is very straightforward)
aim for 30 questions but there are no hard and fast rules here, and now that exams aren't being released it is even less evident what the pass mark might be
09-14-2002, 07:51 PM
4 hours should be plenty of time.
01-04-2003, 08:54 PM
I am currently interested in finding the study notes for exam one. who can help. come on boys and girls, raise your hands.
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