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#1
06-28-2006, 02:24 PM
 watcher in the woods Member CAS Join Date: Jun 2006 College: Toledo Favorite beer: same as underwear - whatever the wife gets me. Posts: 105
Estimate of Passing Mark

For those of us who failed and received the exam analysis, have you tried to estimate your score and/or pass mark? I earned a 5. By taking the average of the "range of actual", weighting it by the point value for each question, I estimate I got about 65 points. With a similar calculation, based from my estimated score and the "Raw/Mean" column, I calculate a pass mark of about 69.

Does CAS actually publish the pass mark anywhere?
#2
06-28-2006, 07:02 PM
 jared Member CAS Join Date: Jan 2002 Location: New Jersey College: Columbia U. Favorite beer: free beer Posts: 2,714

You need to use this methodology:
On question 1, I received 75-99%. The question was worth 3.5 points. Based on straight multiplication, this would mean I got between 2.625 and 3.465. I then have to adjust on both ends to quarter point intervals. This means I got between 2.75 and 3.25, so my mean on that question was 3.0. Using this methodology, my "5" is estimated at between 56.25 and 69.25. It is very likely that I got near the midpoint of this range, 62.75. I don't think the pass score was higher than 65.

They have published pass scores in the Study Tools section, but it has not been updated in a while.
#3
06-29-2006, 03:32 PM
 frummie Member Join Date: Nov 2001 Location: L. A. Studying for CPCU 552 College: UCLA, CSUN Alum Favorite beer: Shiner Bock, Black Voodoo Posts: 10,260 Blog Entries: 1

I got a 5. My score is probably 58-60. I still can't believe it. I know the IEE formula very well, only got 2 of 4 on it. Wonder what I did wrong. Second five in a row on part 7, seventh five I've received in my career.
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#4
06-29-2006, 04:16 PM
 Levin Member CAS Join Date: Jan 2003 Location: Northeast Posts: 6,773

59.5 --> 5
#5
06-29-2006, 05:03 PM
 jared Member CAS Join Date: Jan 2002 Location: New Jersey College: Columbia U. Favorite beer: free beer Posts: 2,714

Quote:
 Originally Posted by frummie I got a 5. My score is probably 58-60. I still can't believe it. I know the IEE formula very well, only got 2 of 4 on it. Wonder what I did wrong. Second five in a row on part 7, seventh five I've received in my career.
I have four straight 5's (two straight 5's on Exam 6 and Exam 7). It sucks, but we need to put an extra 50-100 hours in. One thing I noticed, I got full credit on only three questions, #29, #32 and #40. So I have lapses in my studying.
#6
06-30-2006, 11:16 AM
 whyamIdoingthis Join Date: Jun 2006 Posts: 2

My mid point was at 65. This makes 3 5s in a row for me on this exam. I noticed several questions I thought I knew cold, but did not receive full credit, I did received full credit on 7 questions - I have concerns about the grading of this exam and the pass mark. I've been told there is nothing we can do about it now, once the final grades are out that is it! I would guess the pass mark is above the 62.5% from last year.
#7
07-17-2006, 04:25 PM
 Talking Goat Member Join Date: Jun 2005 Posts: 213

Get em next time, "whyamIdoingthis."

It really is crazy.

Anybody out there thinking about the career ACAS level to stop? Or is the effort on the final two exams really worth the difference?

Good luck, folks.
#8
07-18-2006, 08:36 AM
 plurbin Member Join Date: Apr 2006 Posts: 116

Quote:
 Originally Posted by Talking Goat ...Anybody out there thinking about the career ACAS level to stop? Or is the effort on the final two exams really worth the difference?
Yes, I am
#9
08-08-2006, 12:37 PM
 Mister_5 Member Join Date: May 2005 Location: Chicagoland Posts: 62

oh my oh my....

I sit here and read all this and reflect back on the last 20 years.

Actuarial career went well until I hit the old 6 & 7. 3 failures later - no study program. Then I started using vacation time. Finally passed part 7. Then a Divorce cost me a year. ...then the CAS reconfigs and I lose part 7. Then I get the new 5.

ACAS, will I ever get it...hmmm...not sure...lost 23 pounds the last 3 months putting my life back togeather...should I sit for this exam again and return to my lack of form and life...is ACAS worth wasting my life over....well it must be...I'm still here...but I'm no longer sure why..other than there aren't any other options any more

Yea, theres got to be another way....but by the time you complete this process....frankly, you don't give a crap....

PLUS - you got a bunch of 6 exams associates scratching there heads - "why the heck do I want to take part 7?"
#10
08-09-2006, 01:33 PM
 Turkey Club Member CAS Join Date: Oct 2005 Studying for CAS Exam 9 Favorite beer: Corona Posts: 367

I hear, though, that Exams 8 and 9 are easier than Exams 5 - 7. There does seem to be half the material covered compared to the earlier exams. And the pass rates for those exams seem to be higher as well.

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