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I'd like to add a semi-essential setting. Please tell me if there is already another way to do this on the BA II+. We constantly need e, 2.718281828. To get that I kept typing, 1, 2nd, e^x. (which is the LN key). Since I got tired of those three keystrokes and thinking in reverse, I stored...

Thank you Nicole. I appreciate the kind words.

Wow, thanks for the words of encouragement! I said I felt that Diebold 7 and 8 were poorly written and presented, not that the subject matter was beyond my aptitude. I'm doing just fine with the other areas of statistics. I have a BS in Nuclear Engineering from UC Berkeley. Got it in the...

There is a price at which selling way out of the money puts is a good risk/reward and positive NPV. Since a lot of models do not account for fat tails of the probability distribution, out of the money puts can easily be priced too low. (Although by today I hope most market makers have figured...

I initially did the geometric mean as well because it was fresh in my head from question 4.7. I thought, ok, let me be slick here, but no good. @David- Do you mean to say to the 4th power here not 5th? "....is verified by (1-0.52%)^5" And then 1-(1-.52%)^4 gets us the same -2.07% as the answer.

I just finished reading Brooks and watching David's video on Monte Carlo simulations. The age old problem of computer generated RNG's came up as not being truly random because they always require a seed. What we used to do when I had a commercial venture that required a true random numbers was...

Well I went through the PQ's, not good, re-read the study notes, watched the video again, answered the PQ's again, and then looked at the forum sections for each of the PQ sections. Diebold 7 and 8 are still almost a guessing game to me. Not a lot of comments in the PQ forums. I am going to...

Thank you.

I don't see a General Discussion area so I will put this here. Unfortunately I never took statistics in college, so all of this is new to me. I am using the GARP books and BT. I was struggling with it until Bayes theorem, then things seemed to click a little better. I found Stock and Watson...

Hi. I keep reading that passing the CFA level I requires around 65% across each of the topics. When you get your results do they tell you your actual scores in each topic, or your percentiles in each, or do they just tell you pass/fail? Thanks

Is the answer to the original post in this thread 8.96%?

It's a binomial for P[X=3]. p=.30 In solution .3 is used for (1-p) but .03 is used for p^3. Can't be both. Also, then there is an extra ".07" right before "=" sign. The three terms turn into four. I don't know where that comes into play. Please confirm. Thank you

Thank you. That's great information right from the source!

Hi Professsor, Is the answer still no in 2019 or have they added differentiation and integration on the exam since 2015? Thanks, Sixcarbs

Not sure where to put this, I didn't see a general disccussion forum so I am putting it here. Mods, please move it if there is a better place for it. So I am roughly a week in. I read the first Garp book and all study notes on Foundations of Risk Management. I went though all of the...

@David Harper Sorry, I am 1,000% wrong here. The notes are fine.

Amenc Chapter 4 It says under Sharpe and Jensen: "Replacing this value of in the Jensen’s equation and dividing by σ(p) we get" I think it should be "dividing by σ(m)."

Hello, Sorry to bump an ancient thread but it seems right on point for my question. I'd like to know how the answers apply in 2019. I want to prepare for the FRM in November, both parts. I recently passed 3 FINRA exams using Kaplan. While I occasionally watched their videos I mainly used...