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Examination Results Statistics for LE Papers 1, 2 and 6 in November 2005

LE Paper 1 in Nov 2005

The pass rate of Paper 1 held on 19 Nov 2005 was 50%. Figures 1 and 2 show the distribution by scores of the exam results and the overall topical correctness¹ achieved in the examination.

  
          Figure 1. Exam results distribution for Paper 1 - Nov 2005                Figure 2. Topical correctness for Paper 1 - Nov 2005

Table 1 below shows the topical correctness rates of each topic up to November 2005.

 

Topic

Month

1

2

3

4

5

6

7

8

9

Jan-05

0.73

0.71

0.71

0.71

0.77

0.70

0.55

0.62

0.66

Feb-05

0.72

0.67

0.75

0.59

0.81

0.91

0.58

0.72

0.83

Mar-05

0.82

0.61

0.64

0.59

0.59

0.79

0.49

0.67

0.63

Apr-05

0.76

0.65

0.70

0.65

0.75

0.86

0.59

0.71

0.65

May-05

0.68

0.64

0.69

0.65

0.73

0.76

0.53

0.72

0.64

Jun-05

0.70

0.66

0.65

0.79

0.76

0.79

0.57

0.59

0.69

Jul-05

0.68

0.61

0.70

0.75

0.64

0.86

0.62

0.66

0.78

Aug-05

0.63

0.63

0.76

0.63

0.80

0.84

0.53

0.71

0.71

Sep-05

0.75

0.70

0.61

0.72

0.80

0.81

0.54

0.61

0.66

Oct-05

0.70

0.70

0.80

0.68

0.66

0.75

0.60

0.57

0.68

Nov-05

0.65

0.77

0.74

0.59

0.70

0.73

0.67

0.64

0.66

Average

0.71

0.67

0.70

0.67

0.73

0.80

0.57

0.66

0.69

Table 1. Topical correctness rates for Paper 1: Jan 2005 - Nov 2005

When compared with the overall pass rate and the correctness rates of each topic of LE Paper 1 in the previous month, candidates' performance in the November 2005 exam remains consistent. However, as indicated in Table 1, candidates should note that while the correctness rate of Topic 7 (Securities, Options and Futures) has shown a continuous improvement in the 3 months from September to November 2005, it is still, on average, the weakest among the 9 topics of LE Paper 1.

Table 2 shows the subject areas in which candidates performed unsatisfactorily in the Nov 2005 exam and the topics/sections in the Study Manual which cover these subject areas.

Unsatisfactory subject areas

Recommended topics/sections

Topic

Section

1

Fund Manager Code of Conduct

5

3

Table 2. Unsatisfactory subject areas for Paper 1 - Nov 2005

Candidates are advised that the subject area "Fund Manager Code of Conduct" listed above was also classified as unsatisfactory in the October 2005 exam and are recommended to pay special attention to this subject area when preparing for their upcoming exams.

LE Paper 2 in Nov 2005

The pass rate of LE Paper 2 held on 19 Nov 2005 was 57%. Figures 3 and 4 show the distribution by scores of the exam results and the overall topical correctness achieved in the examination.


      
  Figure 3. Exam results distribution for Paper 2 - Nov 2005                Figure 4. Topical correctness for Paper 2 - Nov 2005

Table 3 below shows the topical correctness rates of each topic up to November 2005.

 

Topic

Month

1

2

3

4

5

6

7

Jan-05

0.50

0.69

0.69

0.60

0.59

0.65

0.67

Feb-05

0.54

0.75

0.74

0.71

0.54

0.54

0.72

Mar-05

0.60

0.67

0.81

0.73

0.39

0.74

0.56

Apr-05

0.66

0.54

0.76

0.67

0.69

0.77

0.70

May-05

0.66

0.67

0.80

0.71

0.43

0.75

0.68

Jun-05

0.59

0.68

0.80

0.71

0.63

0.77

0.68

Jul-05

0.58

0.71

0.77

0.65

0.60

0.63

0.50

Aug-05

0.62

0.71

0.74

0.67

0.63

0.76

0.60