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　　GARP says they take the top 5th quantile （i．e．， whatever score cutoffs the top 5th “percentile”）， then they take a ratio （e．g．， 0．75） of that top score． I personally suspect the ratio （0．X of top 5%） is calibrated after the results are tabulated to approximate a ～50% pass result； or， best case， they use ．75 of top 5% （e．g．， if 0．75* top 5% only passes a small % due to high difficulty， I doubt they would keep it）．
　　But， either way， it’s really based on an （ex post） “grading on a curve” （no segmentation by section/topic， all questions weigh equally）．．．therefore： I do not think you can divine anything useful from the method． Unfortunately， it’s a waiting game．
        FRM考試在線高清視頻指導(dǎo)