I agree.
Based on what I recall, I disagree. I was very confident at the time – it was in a set of my visualized notes I posted to reddit 2 weeks ago. But not sure of anything now. I really do wish I could get a look at the question, or a decent recreation of it, before Aug.
This should not be a “disputed” question. You don’t even need the second part to answer the first part.
Like any test, you just need to be present enough to answer whatever is laid in front of you and not the fake test that ya built in your mind.
Gawd, I hope I pass.
IMO, as far as logic is correct, solving 2nd part first and then going to 1st part or vice versa, both should be fine. Don’t know why there is such a fuss around this.
Imagine if every time you solved a question later in the test you knew how to solve one before it? Sounds delightful.
Well let’s be clear, that’s not exactly the scenario we were in. We didn’t HAVE TO solve part ii before i. A better way to say it is that the answer to part ii was already solved for in part i. I would like a test where the answer to every next question was in the answer before it.
Part ii did not have to be solved first in order to solve for part i. The CFAI text has the exact calculation for how to solve part i that doesn’t use what was asked for in part ii.
Even it was. They are two diff questions, you cannot use one answer in another, if you see past guideline answers. You need to do calculations again.
i wouldn’t complain. Let’s say I’m an average “try hard” L3 candidate, but was lucky to have hit a similar question maybe 2 weeks out, and revised it.
I didn’t notice any difficulty. For the first part, I solved anything tangential that needed solving. I saw them as linked travelling forward in sequence.
i had my own tough spots, but that seemed merely obscure – it was definitely covered in TT and/or past exams (2009).
This wasn’t the only question designed to trip us up. The very last part of the last AM question included information that could have made people second guess an earlier question part. Think ratios.
Still trying to find this.
hahaha
hahaha yeah. if you go back, I’ve been one of the people saying that. I’m just saying, if you think “why does 2 help with 1?” well, that’s a positive externality to me.
I think the real qn here is whether there is additional info in qn stem of partii that is required to solve parti and similar info is not provided in parti. IMO the answer is NO - so the qn should be a fair1
95 percent of us agree it was fair. I think we are simply saying it was a cruel way to try and throw us off early. I just answered the question as given. There isn’t time to sit there during exam and argue with CFAI. I am confident I got them right but also understand some people’s frustration with it. I wonder if anyone submitted an inquiry to CFAI to review it.
CFA institute makes it very clear every year that each part of the exam are independent, and your answer in one question should not affect the outcome of another question. Meaning if your answer is incorrect in part X, you should NOT need to use your answer in part X to solve part Y.
This has been the backbone to every level in CFA, including level 3 AM section.
However, if you don’t understand the fundamental concept in one question, it is very possible that you may not know how to answer another question in the same section, which is why i suggest candidates to study every section!
Best of luck!
NANA
Perhaps what NANA just said is the most relevant and accurate post on this entire thread. Thanks NANA.
What I can conclude is that many candidates (including me) who have used output of answer Y in answering X without independently solving for question X separately will not get full credits. Neither shall we receive 0 credit because I am very sure logic and answer must be correct for all of us falling in this category. As far as I remember, and IMHO, all of us on this boat will at max lose 1 point as this was a 2 point sub question . Well I hope there is no violation here, if it is, moderators please delete my post 
Question is how costly this 1 point can be?? Lol. I hope it doesn’t make any difference
The first part was crap ( creepy). I did not care because I did not start there. I went straight to Econ. Although I could see people have issue with Econ as well. But I managed to answer it. The remaining parts were okay. Q-1 was the last Question I did.
How did you see people having problems with Econ during the exam exactly…?
“Could see” = possibility, not in the affirmative. Do you feel better? The reason i was able to answer the question was because CFAI had a similar question in a other topic 5 year ago. Not that people can answer the questions, usually you have a timing issue where you do not have a lot of time to think outsite the box. Level 3 seems to be Plug and Do. Either you know it or you don’t. If you are trying to reason,the time kills you. Been there, done that!