According to the tooltip and to How are the FAQ questions chosen?, FAQ questions are "questions with the most links". But what is the exact formula that lets a question qualify as "FAQ"?
Background: At TeX.SE, right now 49% of all questions (11,300 out of 23,200) are listed as FAQ, which seems somewhat excessive (but then, maybe we TeX.SE users go overboard with adding links). At SO, the ratio is 22% (751,000 out of 3,493,000), which seems about right.