its an interesting topic so i thought i should open it. I personally made flat out 8 guesses in the 50/ AM session, and I only made two or three educated guesses in the PM session. The million dollar question is, how many guesses would it be safe to do but still be in a good position to pass? I know this ofcourse is dependant on your success rate on your known answers, which i believe for is probably around 78 to 75%.
I made flat out guesses in 4 in AM, 6 in PM 14 educated guess in AM and 14 in PM
If you assume the following then you can make 25 pure guesses and you should still achieve 70% on the exam: * 33% chance of getting a pure guess correct. * 80% chance of getting a well thought out answer correct. If you guessed 25 questions, and were able to give a well thought out answer for the remaining 95 then your result should be: (25 x 33%) + (95 x 80%) = 84 correct answers (70%)
flat out guessing is all I did throughout the exam. seriously i guessed a lot more than i thought i would have to. exam stress caused me to forget concepts i had nailed and those i hadn’t nailed well… guesswork all the way.
yeap i definitely know what you mean, exam stress definitely cost me a number of points, i forgot a couple of concepts i thought i had nailed down well.
I flat-out guessed maybe 3-4 questions… but I have probably 40+ as “educated guesses”…
Not many flat out guesses but many educated guesses. Also some where I arrived to the answer through process of elimination as in I knew the other 2 weren’t correct so the 3rd choice had to be the answer but didn’t know why lol I answered one of them to be ‘activity ratios’ because I was able to reject the other 2 choices, but don’t know what activity ratios even mean…
flat out guessed on 8, the rest i feel really good about.
I had at least 20-25 in th am But only 5 in the PM
i had about ten flat out guesses, the rest were educated …guesses
6 flat out and 10 educated on each section.
few educated guesses, few elimination method, about 5-10 flat guesses
I have to add that most of those were on derivatives/equity/alternative.
just curious how do you guys define an educated guess?
outlier_1201 Wrote: ------------------------------------------------------- > just curious how do you guys define an educated > guess? me definition is that I can safely eliminate one choice and improve my odds to 50/50
do you feel funny if you had a string of same letter and yet the next one you go for an educated guess appears to be the same letter again? i had that feeling on the exam…
outlier_1201 Wrote: ------------------------------------------------------- > do you feel funny if you had a string of same > letter and yet the next one you go for an educated > guess appears to be the same letter again? > > i had that feeling on the exam… I remember a chain of Cs in the PM and was like F U CFA
There’s flat out-guessing for the number crunch questions. And then semi-guessing for the qualitative. Because most of the time, you can never be sure for this type of questions.
ZeroBonus Wrote: ------------------------------------------------------- > Not many flat out guesses but many educated > guesses. Also some where I arrived to the answer > through process of elimination as in I knew the > other 2 weren’t correct so the 3rd choice had to > be the answer but didn’t know why lol > > I answered one of them to be ‘activity ratios’ > because I was able to reject the other 2 choices, > but don’t know what activity ratios even mean… Hahaha, I did the same on that one too! I had about 5-6 flat out “I have no f’n clue what to tell you” guesses.
15 flat out guesses. 10 in the AM and 5 in PM. Less in PM because I skipped questions that needed long calculations, I wish i had done it in AM as well. At least 5 I got wrong that I spent good time on and which I cannot get out of my mind, because these may cause me the whole exam. If I had 5 extra days for preparation, I would have done no better. I am counting on 100 that I am confident and those include some educated guesses. Fingers crossed. I personally believe the time we had is only sufficient to analyze and answer 100 questions. And think CFA added 20 more questions to squeeze out most of borderline candidates. This improves chances of random guessers little bit though.