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Investment / Financial Markets Old Exam MFE Forum

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  #41  
Old 06-23-2018, 01:39 AM
avocado avocado is offline
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Hi tkt,

For ADAPT, what do you think the difficulty level of practice exams that students should be comfortable with is? I'm asking this because although my earned level increased, the difficulty level of recent exams that I took dropped. I thought the difficulty level will increase as long as the earned level increases?

Thanks.
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  #42  
Old 06-23-2018, 05:53 PM
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Quote:
Originally Posted by avocado View Post
Hi tkt,

For ADAPT, what do you think the difficulty level of practice exams that students should be comfortable with is? I'm asking this because although my earned level increased, the difficulty level of recent exams that I took dropped. I thought the difficulty level will increase as long as the earned level increases?

Thanks.
In the previous version of this exam (MFE), according to students report, the difficulty of the actual exam was generally about Adapt level 4 - 6.

We have recently updated the exam generation algorithm and prioritize generating fewer repeat questions. The tradeoff is that section distribution and difficulty ranges may be a little off. When generating quizzes and custom exams, the algorithm focuses more on grabbing questions you have yet seen or seen less than trying to match the exam difficulty you desired. This phenomenon is more prominent or visible to users who have generated hundreds of quizzes or exams.

Most of our new questions on the Corporate Finance material are in the range of level 4 - 6 as well. Although I couldn't tell with certainty, I still anticipate the actual IFM exam to be about Adapt level 4 - 6.

Hope this helps!
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  #43  
Old 06-24-2018, 12:43 PM
avocado avocado is offline
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Quote:
Originally Posted by tkt View Post
In the previous version of this exam (MFE), according to students report, the difficulty of the actual exam was generally about Adapt level 4 - 6.

We have recently updated the exam generation algorithm and prioritize generating fewer repeat questions. The tradeoff is that section distribution and difficulty ranges may be a little off. When generating quizzes and custom exams, the algorithm focuses more on grabbing questions you have yet seen or seen less than trying to match the exam difficulty you desired. This phenomenon is more prominent or visible to users who have generated hundreds of quizzes or exams.

Most of our new questions on the Corporate Finance material are in the range of level 4 - 6 as well. Although I couldn't tell with certainty, I still anticipate the actual IFM exam to be about Adapt level 4 - 6.

Hope this helps!
Thanks for your reply
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  #44  
Old 06-26-2018, 09:47 AM
bergin.11 bergin.11 is offline
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I have a question on Practice Exam 10 question 2 in the ASM manual.
The question asks you to calculate the covariance between two stocks X,Y

X Y
1 0.06 0.03
2 0.17 0.02
3 -0.05 0.15
4 0.22 0.2
5 0.1 0.15

This gives

xBar = .1
yBar= .11

Using the formula Cov(X,Y) = Sum((xi-xBar)(yi-yBar))/(n-1) I get
Cov(X,Y) = .0017/4 = .000425

The answer key uses the formula Cov(X,Y) =
(n/(n-1))[sum(xi*yi)/n-yBar*xBar)] = .057

Am I making a calculation error or is there a reason one has to use the Cov formula used by the answer key? The manual says they're equivalent, but I am not getting the same answer.
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  #45  
Old 06-26-2018, 11:19 AM
Abraham Weishaus Abraham Weishaus is offline
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The solution in the ASM manual forgot to divide by 5.


It is exam 11 (not 10) question 2. An erratum was already posted.

Last edited by Abraham Weishaus; 06-26-2018 at 11:23 AM..
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  #46  
Old 06-28-2018, 10:11 AM
ToBeAnActuaryOrNotToBe ToBeAnActuaryOrNotToBe is offline
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Why so little activity on this thread? This exam is like a week away. Never seen an exam thread this dead.
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  #47  
Old 06-28-2018, 10:49 AM
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Dalek23 Dalek23 is offline
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Nov gonna be lit :P
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  #48  
Old 07-03-2018, 10:13 AM
ToBeAnActuaryOrNotToBe ToBeAnActuaryOrNotToBe is offline
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First sitting is on Thursday. Is there seriously no one posting on this thread?
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  #49  
Old 07-03-2018, 06:10 PM
bgreens bgreens is offline
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B"H
Quote:
Originally Posted by tkt View Post
I still anticipate the actual IFM exam to be about Adapt level 4 - 6.
I finished the ACTEX Summer 2018 Edition manual with a week remaining until the exam and then started Adapt. The earned level on my first try was comfortably in this range.
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  #50  
Old 07-03-2018, 07:38 PM
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Quote:
Originally Posted by bgreens View Post
B"H

I finished the ACTEX Summer 2018 Edition manual with a week remaining until the exam and then started Adapt. The earned level on my first try was comfortably in this range.
All the best! I recommend getting comfortable with Adapt questions from level 4 - 6, and occasionally challenge yourself with questions from level 7.
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