Actuarial Outpost What would the passing mark for August Exam MFE be?
 Register Blogs Wiki FAQ Calendar Search Today's Posts Mark Forums Read
 FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

 Investment / Financial Markets Old Exam MFE Forum

#11
08-03-2012, 12:05 AM
 eatingsandwich Member CAS Join Date: Jul 2012 College: Done Posts: 644

69%
#12
08-03-2012, 12:16 AM
 tomhawk24 Member SOA Join Date: Dec 2011 Location: Midwest Studying for GHA Favorite beer: Belgian Posts: 346

Quote:
 Originally Posted by eatingsandwich 69%
hehe
__________________
Exams: P FM MFE MLC C GHC GHA GHS
VEE: Economics Finance Stats
FAP: IA FA
FSA Modules: FE HF PRF DMAC
#13
08-03-2012, 01:26 AM
 hello_actuary Member CAS SOA Join Date: Jul 2012 Posts: 826

Quote:
 Originally Posted by eatingsandwich 69%
How could this be possible? 21/30 = 70%. There is no 69%.
#14
08-03-2012, 05:42 AM
 drsingh Member CAS SOA Join Date: Jul 2012 Posts: 453

Well, then what does passing score of 72% mean?

If 21 out of 30, that would mean be 70%.
If 22 out of 30, that should, rounded to nearest whole integer, be 73%.

So why 72%?
#15
08-03-2012, 09:21 AM
 ItsATrap Member SOA AAA Join Date: Jan 2012 Favorite beer: Sam Adams Summer Seasonal Posts: 831

There are a few people on this thread that I am afraid have the same IQ as a bottle of salad dressing.
__________________
#16
08-03-2012, 09:28 AM
 Sub_Zero Member Join Date: May 2006 Posts: 1,736

Quote:
 Originally Posted by drsingh Well, then what does passing score of 72% mean? If 21 out of 30, that would mean be 70%. If 22 out of 30, that should, rounded to nearest whole integer, be 73%. So why 72%?
pilot questions
#17
08-03-2012, 10:03 AM
 Time_value_of_Sex Member CAS SOA CCA AAA Join Date: Jun 2012 Location: Swishville College: Scarlet Knights Posts: 50

The SOA says nothing about pilot questions in the documnet the released with pass marks, and they say the grades marks are calculated X/30

Does this mean there are no pilot questions?
__________________
#18
08-03-2012, 10:15 AM
 ebeebs Member SOA Join Date: Jul 2008 Location: New England Posts: 2,992

Class time.

For CBT they release the average pass mark required to get a passing score. Not everybody is answering the same 30 questions. Some people may need 22 right to pass, some may need 21, depending on the difficulty of your specific exam. Because of that, the passmark doesn't need to be a perfect 22/30 or 18/25 or w/e. It can be anything reasonable (where reasonable is apparently 50-70%+).
#19
08-03-2012, 10:15 AM
 ebeebs Member SOA Join Date: Jul 2008 Location: New England Posts: 2,992

Quote:
 Originally Posted by Time_value_of_Sex The SOA says nothing about pilot questions in the documnet the released with pass marks, and they say the grades marks are calculated X/30 Does this mean there are no pilot questions?
CBTs have pilot questions. That's how they build the question bank.
#20
08-03-2012, 10:16 AM
 ebeebs Member SOA Join Date: Jul 2008 Location: New England Posts: 2,992

Quote:
 Originally Posted by ItsATrap There are a few people on this thread that I am afraid have the same IQ as a bottle of salad dressing.