Actuarial Outpost
 
Go Back   Actuarial Outpost > Exams - Please Limit Discussion to Exam-Related Topics > SoA > Corporate Finance and ERM (CFE) Track > ERM Exam
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions


Upload your resume securely at https://www.dwsimpson.com
to be contacted when our jobs meet your skills and objectives.


ERM Exam Old Advanced Finance and Enterprise Risk Management (ERM) Forum

Reply
 
Thread Tools Search this Thread Display Modes
  #101  
Old 09-25-2018, 04:00 PM
InboxFull InboxFull is offline
SOA
 
Join Date: May 2016
Location: Florida
Favorite beer: Stella
Posts: 12
Default

I was wondering if someone knows how to interpret the grade you receive in your detailed performance per question.

If for example I got a 7 on a question does that mean I got between 110-120% of the adjusted standard?

So if a problem has 11 points, can I say the adjusted standard is close to a 6?
and I got between 6.6 to 7.2 over 11?

I am asking the question to try to understand my performance on the past exam.

A follow up question:
If they change the standard performance to an adjusted performance, does that in any way affect the final grade?
Example to explain what I mean:
Q1: (11 Points) -- well answered by most of the students --> less adjustment
Q2: (11 Points) -- poorly answered by most of the students --> more adjustment
If I answer Q2 perfectly but not perform well on Q1 will my final grade be negatively affected because Q2 was adjusted more than Q1?

Last edited by InboxFull; 09-25-2018 at 04:20 PM..
Reply With Quote
  #102  
Old 09-28-2018, 01:09 AM
XP-SteveScoles's Avatar
XP-SteveScoles XP-SteveScoles is offline
Member
SOA
 
Join Date: Apr 2016
College: University of Manitoba
Posts: 131
Default

Quote:
Originally Posted by InboxFull View Post
I was wondering if someone knows how to interpret the grade you receive in your detailed performance per question.

If for example I got a 7 on a question does that mean I got between 110-120% of the adjusted standard?

So if a problem has 11 points, can I say the adjusted standard is close to a 6?
and I got between 6.6 to 7.2 over 11?

I am asking the question to try to understand my performance on the past exam.

A follow up question:
If they change the standard performance to an adjusted performance, does that in any way affect the final grade?
Example to explain what I mean:
Q1: (11 Points) -- well answered by most of the students --> less adjustment
Q2: (11 Points) -- poorly answered by most of the students --> more adjustment
If I answer Q2 perfectly but not perform well on Q1 will my final grade be negatively affected because Q2 was adjusted more than Q1?
Hi,
The main thing to know is that the overall pass mark is a number of points -- you will pass on the points you score in total not on any relative question performance. If you score 5 points out of 11 on #1 and 9 points out of 11 on #2, you will have 14 points towards the pass score regardless of other students scores.

The relative score on each question is the SOA using an algorithm to sort through all candidates scores to determine roughly how students in general performed and then how you did versus others. That is all that I am aware of as far what the SOA says on how they calculate those scores.

It can definitely be tricky in using those scores to evaluate how you did. I don't think you can get particularly exact when using those scores.

Steve
__________________
Lead Instructor for XP Actuarial SDM Exam

steve.scoles@xpactuarial.com
http://www.xpactuarial.com/
Reply With Quote
  #103  
Old 09-28-2018, 08:44 AM
E's Avatar
E E is online now
Eddie Smith
SOA AAA
 
Join Date: May 2003
College: UGA
Posts: 9,130
Default

Agree with Steve, particularly on the fact that it's difficult to glean actionable information from that type of analysis. I think it's more practical to assess your answers against the answers you see in SOA model solutions. Key things to focus on:

1. Are you generally providing the same level of detail?
2. Are you formatting your answer correctly based on the question verb? Question verbs like critique, assess, evaluate, describe, etc. each have unique meanings on FSA exams.
3. Are you consistently providing an answer for all parts of all questions and not leaving any blank?

Put simply, you will never know exactly how your paper was scored, and I don't think having that information helps you in the heat of battle on exam day. It's best to just answer each question as thoroughly as possible while staying within a 3 minutes per point time budget.
__________________


Learn how FSA exams are different from the prelims

We have your exam covered:

LP | LFV-U | LFV-C | LRM | ERM | QFI Core | QFI Adv | QFI IRM | G&H Core | G&H Adv | G&H Sp

Check out our Technical Skills Course and our new R Course!

Connect on Twitter, Facebook, & LinkedIn
Reply With Quote
  #104  
Old 09-28-2018, 11:48 AM
InboxFull InboxFull is offline
SOA
 
Join Date: May 2016
Location: Florida
Favorite beer: Stella
Posts: 12
Default

Thank you Steve and Eddie. That makes sense.
Reply With Quote
  #105  
Old 10-09-2018, 10:17 AM
bewger bewger is offline
Member
CAS SOA
 
Join Date: Jan 2012
Posts: 91
Default

On exam day, can anybody tell me what is provided? Is there a table sheet or some sort similar to what was provided in the prelims?
Reply With Quote
  #106  
Old 10-09-2018, 05:47 PM
goodfella7763 goodfella7763 is offline
Member
SOA
 
Join Date: May 2017
Posts: 39
Default

Quote:
Originally Posted by bewger View Post
On exam day, can anybody tell me what is provided? Is there a table sheet or some sort similar to what was provided in the prelims?
You receive the case study in the exact same format as it is posted on the SOA website. Including the Normal distribution table and all pages/sections regardless of your extension.
Reply With Quote
  #107  
Old 10-11-2018, 04:42 PM
pippi-longstocking's Avatar
pippi-longstocking pippi-longstocking is offline
Member
SOA
 
Join Date: Apr 2017
Studying for FAP
Favorite beer: Dunkel
Posts: 94
Default

I remember seeing this question before in AO but can't find it now, so here it's again:

Is it okay to shorten some words like cat for catastrophe or mngmt. for management in the exam?

It should be okay to use the abbreviations given in the readings I assume like CAPM, MVO, etc. right?
__________________
ASA next???
Reply With Quote
  #108  
Old 10-12-2018, 08:25 AM
E's Avatar
E E is online now
Eddie Smith
SOA AAA
 
Join Date: May 2003
College: UGA
Posts: 9,130
Default

Quote:
Originally Posted by pippi-longstocking View Post
I remember seeing this question before in AO but can't find it now, so here it's again:

Is it okay to shorten some words like cat for catastrophe or mngmt. for management in the exam?

It should be okay to use the abbreviations given in the readings I assume like CAPM, MVO, etc. right?
Yes definitely. Common acronyms like this are totally fine to use and also a good idea because it saves time. If you aren't sure whether the grader will know what the acronym means, you can define it clearly then use it.
__________________


Learn how FSA exams are different from the prelims

We have your exam covered:

LP | LFV-U | LFV-C | LRM | ERM | QFI Core | QFI Adv | QFI IRM | G&H Core | G&H Adv | G&H Sp

Check out our Technical Skills Course and our new R Course!

Connect on Twitter, Facebook, & LinkedIn
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 04:41 PM.


Powered by vBulletin®
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.37849 seconds with 10 queries