REAL WORLD EVENT DISCUSSIONS

Fiscal Knowledge Test

POSTED BY: JEWELSTAITEFAN
UPDATED: Wednesday, July 5, 2017 19:32
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VIEWED: 1642
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Wednesday, June 28, 2017 7:45 PM

JEWELSTAITEFAN

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Wednesday, June 28, 2017 7:55 PM

AURAPTOR

America loves a winner!


I'm not Canadian, so...


Wait, travel insurance? WTF ? That sounds suspiciously like the old 'elevator pass' gag kids use to pull on freshmen in High School.

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Wednesday, June 28, 2017 9:21 PM

6STRINGJOKER


12/15
Result: 80%
Share your result
How you compare to others

90-100%655 people
80-89%2,460 people
70-79%1,871 people
60-69%3,343 people
50-59%1,048 people
40-49%830 people
30-39%104 people
20-29%48 people
10-19%1 person
0-9%0 people

I'm blaming the few that I got wrong because of the slight variances on things between the US and Canada. Most of it was common sense though.


I'd like to know of the color of your car effects your insurance in the US. I actually answered yes to that one and got it wrong. Somewhere I had heard that it did effect rates and just went along with that, but after getting it wrong I don't ever recall having to tell my agent what my car color is.... although after getting the vin they already probably have that info.

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Wednesday, June 28, 2017 10:23 PM

SIGNYM

I believe in solving problems, not sharing them.


73%

But seems too specific to Canadian regulations. Like what is a TFSA?

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If we did not MAKE men poor"- William Blake

THUGR, JONESING FOR WWIII
All those guns 1kiki, are pointed towards your beloved Russia. All those cyber capabilities, pointed right at Russia. Thanks Putin, and get ready to duck.
I'll accept your apology any time, THUGR. But I know you're not man enough to give me one


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Wednesday, June 28, 2017 11:15 PM

6STRINGJOKER


Quote:

Originally posted by SIGNYM:
73%

But seems too specific to Canadian regulations. Like what is a TFSA?



That was one of the other two I got wrong. I can't remember the 3rd.

When it asked if you could have one at every bank, I went with the thought "could you max out yearly IRA contributions at different banks?", when I should have gone with "can you get maximum FDIC insurance at different banks?"



Still though. 73% ain't bad. It's a passing grade. They said that something like 45% of males pass it and only 38% of females pass it, and that's Canadians who know all the regulations there.

Plus the numbers go down for GenXers and even more with Millennials. I don't consider myself a Millennial, but according to the charts on that I am, so I'm happy with my 80%.

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Thursday, June 29, 2017 6:51 PM

JEWELSTAITEFAN


Quote:

Originally posted by 6stringJoker:
12/15
Result: 80%
Share your result
How you compare to others

90-100%655 people
80-89%2,460 people
70-79%1,871 people
60-69%3,343 people
50-59%1,048 people
40-49%830 people
30-39%104 people
20-29%48 people
10-19%1 person
0-9%0 people

I'm blaming the few that I got wrong because of the slight variances on things between the US and Canada. Most of it was common sense though.


I'd like to know of the color of your car effects your insurance in the US. I actually answered yes to that one and got it wrong. Somewhere I had heard that it did effect rates and just went along with that, but after getting it wrong I don't ever recall having to tell my agent what my car color is.... although after getting the vin they already probably have that info.

Technically, the color is not a factor or coefficient in the calculation of your insurance rates. VIN does not specify a color, although a record of your VIN (which is stored and compiled by the maker) includes all of the RPOs (Regular Production Order Codes), which do include the color(s) of interior, color(s) of exterior, and other color(s), such as ragtop. These RPO codes can be found on your RPO sticker, sometimes located on your door edge/jam, inside glovebox, etc.
However, in reality the color of your car does give you higher premiums in the form of more tickets/citations which are included in the calculation of your premium - for most agencies, but not for all. The color red will get you more tickets. The color black can result in fewer speeding tickets based on lazer detector (the color reflects less back to the lazer gun, it can't get a lock on some cars).

The percentile conversion for your results chart would be:
90%+ = 94th percentile.
80%+ = 70th.
70%+ = 52nd.
60%+ = 20th.
50%+ = 9th.
40%+ = 1.5th.
30%+ = 0.5th.
20%+ = 0.01th percentile
10%+ = zero percentile.

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Thursday, June 29, 2017 8:05 PM

6STRINGJOKER


Yeah... that makes sense. I've never owned a sports care and my cars were all pretty neutral in color, so it never made a difference to me.



I don't get your chart though. What's that supposed to mean?

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Monday, July 3, 2017 8:23 PM

JEWELSTAITEFAN


Quote:

Originally posted by 6stringJoker:
Yeah... that makes sense. I've never owned a sports care and my cars were all pretty neutral in color, so it never made a difference to me.

I don't get your chart though. What's that supposed to mean?



Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by 6stringJoker:
12/15
Result: 80%
Share your result
How you compare to others

90-100%655 people
80-89%2,460 people
70-79%1,871 people
60-69%3,343 people
50-59%1,048 people
40-49%830 people
30-39%104 people
20-29%48 people
10-19%1 person
0-9%0 people



The percentile conversion for your results chart would be:
90%+ = 94th percentile.
80%+ = 70th.
70%+ = 52nd.
60%+ = 20th.
50%+ = 9th.
40%+ = 1.5th.
30%+ = 0.5th.
20%+ = 0.01th percentile
10%+ = zero percentile.


The percentile means how many people, out of 100, are you ranked/rated higher than. so, if you are at 75th percentile, then you did better than 74% of the population (average sampling).

So, a person who got 90% on the test was one of 655 people who got more than 89%, and is at the 94th percentile, meaning they did better than 93 percent of the population (or test takers).
Of course, nobody got 90%.
Zero wrong is 100%. First group.
1 wrong is 93%. Also first group.
2 wrong is 87%. Second group.
3 wrong is 80%. Also second group.
4 wrong is 73%. Third group.
5 wrong is 67%. Fourth group.
6 wrong is 60%. Also fourth group.

That would be why about double the group sizes for second and fourth groups. Getting zero or 1 wrong seems a bit rare.

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Wednesday, July 5, 2017 3:50 PM

6STRINGJOKER


Yeah... they did a pretty lousy job there by showing you the percentage rankings that they did. Especially since you don't know how many people got which amount of questions right in those percentages that doubled up.

Getting 3 wrong (83%), doesn't mean that 30% of the people tested better than you did. It just means that you tested better than 70% of the people did. (11/15 or less).

There is no way of knowing from their results how many people you tested even with if you got one of the results that were lumped in together with another result.

There was likely a larger group of people who got 3 wrong than got two wrong. Anybody with a score of 12/15 scored anywhere from 70% to 93% as well as anybody who took this test, but there is no way of knowing for sure the way the data was presented.

Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by 6stringJoker:
Yeah... that makes sense. I've never owned a sports care and my cars were all pretty neutral in color, so it never made a difference to me.

I don't get your chart though. What's that supposed to mean?



Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by 6stringJoker:
12/15
Result: 80%
Share your result
How you compare to others

90-100%655 people
80-89%2,460 people
70-79%1,871 people
60-69%3,343 people
50-59%1,048 people
40-49%830 people
30-39%104 people
20-29%48 people
10-19%1 person
0-9%0 people



The percentile conversion for your results chart would be:
90%+ = 94th percentile.
80%+ = 70th.
70%+ = 52nd.
60%+ = 20th.
50%+ = 9th.
40%+ = 1.5th.
30%+ = 0.5th.
20%+ = 0.01th percentile
10%+ = zero percentile.


The percentile means how many people, out of 100, are you ranked/rated higher than. so, if you are at 75th percentile, then you did better than 74% of the population (average sampling).

So, a person who got 90% on the test was one of 655 people who got more than 89%, and is at the 94th percentile, meaning they did better than 93 percent of the population (or test takers).
Of course, nobody got 90%.
1 wrong is 93%. First group.
2 wrong is 87%. Second group.
3 wrong is 80%. Also second group.
4 wrong is 73%. Third group.
5 wrong is 67%. Fourth group.
6 wrong is 60%. Also fourth group.

That would be why about double the group sizes for second and fourth groups.


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Wednesday, July 5, 2017 7:32 PM

JEWELSTAITEFAN


I made an error.
100% was also in the first group, along with 93%. I edited my post.

The more dumb thing was that nobody scored 79%.
Or 78%.
Or 77%
Or 76%
Or 75%
Or 74%
Or 72%
Or 71%
Or 70%

Some people just don't understand math very well. Unless Canadian math is taught different somehow - I have not heard of such a thing.

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