I recalculated my average scores for Level 1 and 2 (passed both) that I have taken earlier based on the 40/60/80 rule… and it turned out that my average scores were 72% and 73% respectively.
For Level 3 it is different and I hope that different would get me a charter this year
That’s not necessarily true. The competency of those people taking the exam may change from year-to-year, which would result in a different % of people passing the exam each year.
That’s what I’m trying to say though. Is is reasonable to believe that the average compentency of the candidates and the distribution of their levels of competency changes from year-to-year? With such a large sample, it’s hard to make that case. I guess one could argue that as the % of first time takers versus re-takers changes, so does the competency of the group.
Just to add on to the drama of predicting the MPS…
I accidentaly saw this thread pertaining to CFA L2 2009…But, since cut off score could more or less remain same each year, MPS could be as high as between 80/120 and 83/120.
There are two scores on this thread on the very first page and if u see the min and max range, it turns out that MPS will, in all probability, be between 80/120 and 83/120 which is a very short range.
Looking at 2014 scores as well, its quite possible that MPS was around 66-68%.
you guys are freaking out and worrying too much about a number that 1) you’ll never really know; and 2) you can’t do anything about. Enjoy your break until July 28, and worry about it then.
I’m not worried at all, just find it entertaining.
It is possible to find out the MPS (or very close to it) if you calculate the maximum possible score for one person’s test who barely passed and the minimum possible score for a another person’s test who barely failed. The MPS will be between the two.
You are right, there’s nothing we can do about it.
But, I enjoy all of these overly confident posts about what the MPS is “certain” to have been or the score a candidate “definitely” achieved. Maybe it’s not an outright statement, but it comes close, given the amount of time people are putting into this-- as if they are just moments away from the big discovery that will shatter life as we know it. I agree with you, though. Why bother at this point? You study as hard as you could before the test and you took the exam-- nothing after that will change your score.
Unless you have every single L2 exam, that’s not going to happen. Otherwise, you’ll never know the “worst” passing matrix or the “best” failing matrix. Kick back, have a glass of bourbon and enjoy.
I’d like to think that after studying as many hours as we did that we could be confident of answering at least 1/2 the questions correctly. Assuming we were confident of answering at least 60 questions correctly, to pass (assuming a pass rate of 67 - 70%), we’d need to correctly guess on a 1/3 of the remaining questions. That we’re spending so much time trying to guess the MPS suggests that we’re not at all confident of our ability to guess well… or at least not on the exam.
10% confidence interval is 62.27% - 62.36% (using statistical simulation in R) for those Band 10 results. So, MPS was greater than 62% (pass rate 46% for that year).
Impossible. I took some many mocks and I can almost guess within about 3-5 percent of my score every time. There was a TON of non core material. The scores are not going to be good overall. I had a guy to BOTH my left and right with there heads down on their desks during the PM and sighing heavily. I have a feeling it will not be over 63-65 at a max. 60-63 or so is my guess for raw score needed.
Based on the Topic Weights from some other results that were posted here last year in July 2017, for June 2017 Level 2 Exam, The Band 10 result posted by you is definitely NOT from June 2017 Level 2 Exam. Could be from June 2016 Level 2 Exam or from previous year?