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Old 06-28-2018, 01:22 PM
Dr T Non-Fan Dr T Non-Fan is offline
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Join Date: Sep 2001
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Quote:
Originally Posted by CowboyGuy View Post
I'm gonna ask a really stupid question. The average travel time of 8.2 years seem low because I know many people who're still taking exams after 10 years. I know my sample size is small and won't count in the bigger picture, but I'm pretty sure there are a lot of such people.

Some get married, or have kids and lose the motivation to put in the study hours. Some get occupied in their work life and are not getting the time that is expected to be put in to pass the exams. Some just don't take it that seriously and aren't willing to give up their social life and parties.

Maybe since SOA considers time from the first exam to the last exam, these people aren't accounted for since they haven't passed their last exam yet?

Additionally, the average is brought down because of people who qualify really fast, like in 5 or 6 years?

I believe career ASA won't count in the study since they haven't passed their last exam yet, right?

I passed all my exams really fast, like all but one or two exams on my first attempts and I didn't even take any long breaks (maybe a 6 month break due to job change) and it took me a good 6.5 years to qualify.
Not stupid at all.
Average is truncated to the left, since it does not include quitters (like me). Includes only the smart-enough people who can pass all the exams (not like me).
Would need another stat that considers the amount of time people waste taking exams and passing/failing them, only to stop taking them.

Say:
"Candidates who do not reach FSA will have wasted approximately 5.6 years of their lives. The distribution is in the shape of a barbell."
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