They rank your percentage correct relative to all users and also relative to classmates at your school (This only came up recently for me, so maybe it depends on how much data exists for your class), which should help you get an idea of the ballpark you're in.
I do not have a predicted score (insufficient data) which probably has to do with the fact that I've been using the questions organized by organ block (along with classes...). It must rely on your scores over all the disciplines/systems to generate this "Predicted USMLE Performance"
My % correct is extremely high (88 currently), which I think is inflated by the fact that I typically re-attempt the questions I missed at the end of a block, and am able to spit out the correct answer more easily based on having a memory of the question stem. Again, no predicted score after 900+ questions completed. However my % avg's are usually above average.
EDIT: and that weird formula would predict a 279 which I don't think is happening, heh.