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I asked GARP about quartiles and weights in the exam result,,,, and my question was as follow:

according to my notes from the last exams results, when I were look at the exam quartiles results ... I saw 4 quartiles (FRM part 1)....if we look at two candidates quartile results for example 1233 and 1332, the frist candidate faild and the second who got the second result passed, if they got the same frequancy quartiles why one passed and the other faild, me and many agree that the weight of the book (30% or 20%) and the better quartile result related to this book that has more weight effect the final result (pass or fail).

for clarification if we took the above example we see that the first candidatie took 1233 thats mean 33 in the third and fourth more weight books (30% not the 20%)so he is faild despit he got the same four quartiles as the one who passed but in different orderlines?????

and they answerd me three times by three emails as follow:

the first email

A 20% subject area is worth 20 Pts of the total exam

a 30% subject area is worth 30 Pts of the total Exam.

A 3rd quartile (vertical is worth between .26 and .50.

Therefore a 20 % subject area is worth between 5.2 pts and 10 points

Therefore a 30% subject are is worth between7.8 and 15 points.

Sincerely,

Frank Weber

the second email

In addition to your calculation with regard to horizontal value of the subject areas, you must remember the vertical differential in each quartile has a range of 25 points.

Your comparison is not valid.

Sincerely,

Frank Weber

Vice President - MemberServices

the third email

Quartile Explanation from Chris Donohue

Thank you for your interest in and commitment to the FRM program. As you know, your exam results are released only with a pass or fail grade. Quartile data is provided only as a broad guideline to show you what your performance was relative to your peers taking the exam on the same day. This is valuable information if you did not pass the exam in that it will direct you to the areas that need improvement.

Please note that, by definition, each quartile number covers a 25% vertical range and your performance could be anywhere within that range. Additionally, subject area values are not evenly distributed. Performing well in smaller subject areas. Subject areas also have a different % value. Taken in context, this means many candidates may have the same or very similar quartiles with some passing and some failing because their scores vary by a sizeable margin. The quartiles are issued to provide you with a more in depth view of your performance so you may know what path you need to take in your studies; they cannot be used to make comparisons to other candidates ‘overall score.

may the memebers of this forum discuss and explain what GARP says related to my question above?

thanks

Nabil

according to my notes from the last exams results, when I were look at the exam quartiles results ... I saw 4 quartiles (FRM part 1)....if we look at two candidates quartile results for example 1233 and 1332, the frist candidate faild and the second who got the second result passed, if they got the same frequancy quartiles why one passed and the other faild, me and many agree that the weight of the book (30% or 20%) and the better quartile result related to this book that has more weight effect the final result (pass or fail).

for clarification if we took the above example we see that the first candidatie took 1233 thats mean 33 in the third and fourth more weight books (30% not the 20%)so he is faild despit he got the same four quartiles as the one who passed but in different orderlines?????

and they answerd me three times by three emails as follow:

the first email

A 20% subject area is worth 20 Pts of the total exam

a 30% subject area is worth 30 Pts of the total Exam.

A 3rd quartile (vertical is worth between .26 and .50.

Therefore a 20 % subject area is worth between 5.2 pts and 10 points

Therefore a 30% subject are is worth between7.8 and 15 points.

Sincerely,

Frank Weber

the second email

In addition to your calculation with regard to horizontal value of the subject areas, you must remember the vertical differential in each quartile has a range of 25 points.

Your comparison is not valid.

Sincerely,

Frank Weber

Vice President - MemberServices

the third email

Quartile Explanation from Chris Donohue

Thank you for your interest in and commitment to the FRM program. As you know, your exam results are released only with a pass or fail grade. Quartile data is provided only as a broad guideline to show you what your performance was relative to your peers taking the exam on the same day. This is valuable information if you did not pass the exam in that it will direct you to the areas that need improvement.

Please note that, by definition, each quartile number covers a 25% vertical range and your performance could be anywhere within that range. Additionally, subject area values are not evenly distributed. Performing well in smaller subject areas. Subject areas also have a different % value. Taken in context, this means many candidates may have the same or very similar quartiles with some passing and some failing because their scores vary by a sizeable margin. The quartiles are issued to provide you with a more in depth view of your performance so you may know what path you need to take in your studies; they cannot be used to make comparisons to other candidates ‘overall score.

may the memebers of this forum discuss and explain what GARP says related to my question above?

thanks

Nabil

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