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  #1  
Old 05-04-2011, 12:53 PM
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FourKicks FourKicks is offline
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Default Half-exam pass ratios vs. Full-exam pass ratios

the people sitting for 5A or 5B have already passed at least one upper-level exam. the people sitting for full exam 5 are likely to have never passed an upper-level exam. so you'd expect the pool of half-exam test takers to be, on average, of slightly higher quality than those taking full exam 5, having already passed an upper-level.

does the CAS account for this when determining pass ratios?
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Old 05-04-2011, 01:08 PM
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I do not know this answer, but my stance is...

There's never a "first time upper level" or "first attempt" consideration given before. Nor is there a measure to segment those that work in Reserving or Ratemaking and would therefore have an edge on folks that say work in Claims or just graduated with 4 exams and started working full-time. Why should there be any consideration for those things now?
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Old 05-04-2011, 01:30 PM
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Vorian Atreides Vorian Atreides is offline
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Quote:
Originally Posted by FourKicks View Post
the people sitting for 5A or 5B have already passed at least one upper-level exam. the people sitting for full exam 5 are likely to have never passed an upper-level exam. so you'd expect the pool of half-exam test takers to be, on average, of slightly higher quality than those taking full exam 5, having already passed an upper-level.

does the CAS account for this when determining pass ratios?
Why should they? The stance is basically "does the candidate know this?". Should it matter whether or not the candidate is "experienced" in determining whether they sufficiently know the material?
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Old 05-04-2011, 01:46 PM
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Originally Posted by Vorian Atreides View Post
Why should they? The stance is basically "does the candidate know this?". Should it matter whether or not the candidate is "experienced" in determining whether they sufficiently know the material?
i wouldn't say it's that simple. if that were truly the stance, then they'd set the same pass mark every year, and if nobody hit the pass mark, they'd fail everybody because none of the candidates knew the material. but they adjust the pass mark to achieve a certain pass ratio, so factors such as a candidate's experience are, at least indirectly, taken into consideration.

what i'm really getting at is, for this exam, if the pass rate for exam 5 ends up being, say, 70%, would the pass marks for exams 5A and 5B also be 70% (i am making the assumption that exam 5 was simply 5A + 5B, though i could be wrong)? i would think the exams would have to have different pass marks, otherwise you might get some significantly different pass ratios.

if exam 5 <> exam 5A + 5B, then i retract everything above.

anyway, just thinking out loud.
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Old 05-04-2011, 01:50 PM
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i wouldn't say it's that simple. if that were truly the stance, then they'd set the same pass mark every year, and if nobody hit the pass mark, they'd fail everybody because none of the candidates knew the material. but they adjust the pass mark to achieve a certain pass ratio, so factors such as a candidate's experience are, at least indirectly, taken into consideration.

what i'm really getting at is, for this exam, if the pass rate for exam 5 ends up being, say, 70%, would the pass marks for exams 5A and 5B also be 70% (i am making the assumption that exam 5 was simply 5A + 5B, though i could be wrong)? i would think the exams would have to have different pass marks, otherwise you might get some significantly different pass ratios.

if exam 5 <> exam 5A + 5B, then i retract everything above.

anyway, just thinking out loud.
Isn't the bolded statement an assumption made on either your part or the part of the candidate population? What's the source of this information?
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Old 05-04-2011, 02:09 PM
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The sum of the pass marks for 5A and 5B had better equal the pass mark for the full Exam 5.

If the sum of the pass marks for 5A and 5B is greater than that for the full Exam 5, then the CAS is basically saying "those of you who took the 1/2 exams are expected to know the material better than those who took the full exam." How could the CAS possibly justify a stance that some candidates need to know the material better than others? They cannot.
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Old 05-04-2011, 02:23 PM
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afaik, the pass mark for a and b are added to get the overall pass mark. someone taking thw whole thing could end up 5 points shy on A, but 6 points over on B, and come through passing in total. So it goes. that happens on every subtopic as it is now.

knowing above the baseline level is just that, and doesn't take into account other things.
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Old 05-04-2011, 02:29 PM
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afaik, the pass mark for a and b are added to get the overall pass mark.
ah, ok.

in that case, it seems likely that the pass ratio for half-exam takers will be higher than that of full-exam takers.
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Old 05-04-2011, 03:54 PM
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isn't this a little bit like having a mile race, where some of the entrants have to run the whole mile by themselves, but they are competing against other entrants made up of 2-man relay teams where each person only has to run the first / last 800 meters?

interesting.
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Old 05-04-2011, 03:56 PM
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Quote:
Originally Posted by folasona View Post
isn't this a little bit like having a mile race, where some of the entrants have to run the whole mile by themselves, but they are competing against other entrants made up of 2-man relay teams where each person only has to run the first / last 800 meters?

interesting.
Ah. I see your point.
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