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Jul 15, 2008 5:36 pm

So I took my Series 7(stock broker license) exam today and failed it scoring 174/250=69.6%. This test took me 5 hours to take, and since I failed I have to wait a month to take it again. I have two problems.



First problem is that one of the questions I got on the exam was worded wrong saying "you have shares $500" which make no sense. What should I do?! This question would determine if I passing or failing! In my opinion taking any government exam there shouldn't be problems with any of the questions.



Second, I wander if it worth disputing for me and future test taker that if someone scores 69.6% whether that should be consider passing. In my opinion it should be. If you put 174/250 in some calculators it will say 70%.



What are your opinions or suggestion! Thanks everyone!

Jul 15, 2008 6:05 pm

The point is you missed 74 other questions that could have made the poorly written question a non issue.  It's not a government exam, BTW.  Don't blame the test because you failed it.  You obviously didn't grasp the info as well as you believed you did.  You need to quit worrying about it, study hard for the next month and take the thing again. 


In answer to your second question:  NO.  And your opinion doesn't matter.  You failed the exam.  Instead of spending another second on why, just focus on not having it happen again.  
Jul 15, 2008 6:08 pm

I can see how you failed.  You posted the same message in 2 different threads.  What'd you think, we only read one thread and you'd better double up on the question?

Jul 15, 2008 6:10 pm
NewbieRR:

I wander if it worth disputing for me and future test taker that if someone scores 69.6% whether that should be consider passing.

 

Maybe you just had trouble understanding the grammer used on the test. 
Jul 15, 2008 7:48 pm

Based on the post, I think they should raise the passing grade from 70 to 80%

Jul 15, 2008 10:23 pm

Some calculators 174/250=70%????  Wow.  On my calculator 175/250=70%.  I think you just need a new calculator is all.

Jul 16, 2008 2:39 am
Jul 16, 2008 4:20 am
NewbieRR:

Second, I wander if it worth disputing for me and future test taker that if someone scores 69.6% whether that should be consider passing. In my opinion it should be. If you put 174/250 in some calculators it will say 70%.



That is some great logic.  Horseshoes & hand grenades.

Jul 16, 2008 9:27 am

Who is sponsoring you for your second attempt?


Forget the thought of challenging the outcome.  Spend the next month studying harder than before and forget the trip to Europe.  You might as well get used to the hard work as it is not going to get easier the next few years.
Jul 16, 2008 10:09 am

I would recommend  you buy a book/cd that has thousands of questions.  That was a big help for me for the series 7.  When you retake the test, you will see a lot of the same questions. 

Jul 16, 2008 4:40 pm

You are joking about "grammer", right?

Jul 16, 2008 4:55 pm
reggie:

You are joking about "grammer", right?

 
Yes.
Jul 16, 2008 10:38 pm
NewbieRR:

So I took my Series 7(stock broker license) exam today and failed it scoring 174/250=69.6%. This test took me 5 hours to take, and since I failed I have to wait a month to take it again. I have two problems.


The two things you mention aren't your problem.  Your problem is simply that you didn't pass, which means you didn't prepare enough.  That is your problem.

You aren't the first to fail.  You can either waste time and energy moaning about how close you came and how it's someone's else's fault, or you can start studying more.

Only one course of action brings you closer to your goal. You know which one that is.  Get after it and then come back when you pass and we'll give you a virtual pat on the back.