Does anyone know for certain if the score report matrix (5070) marks your percentage correct or percentile? I gather that most people assume it is percentage correct but it doesn’t say that anywhere… just says it indicates your “performance” (which as we all know is a very vague term)
Interesting point. I certainly have no idea for sure. The more I think about the exam the more I realize there is no point even contemplating passing scores. They could be drastically different then anyone’s expectation if they want to keep 45% passing.
Per CFAI: Candidates learn whether they scored less than 50 percent of the points, between 50 and 70 percent of the points, or above 70 percent of the points on specific topics for multiple choice and item set and by question for constructed response.