# Search results

1. ### Jorion, Chapter 6 - Figure 6-3

David, you are awesome and should be on GARP Board!! I think the list on page 7 of your materials is someone incorrect as I though cdf (i) = cdf (i-1) + pmf (i) and for e.g. cdf of 19 exceptions does not correspond cdf of 18 and pmf of 19
2. ### Jorion, Chapter 6 - Figure 6-3

Hello, referring to the Study Notes Jorion Ch. 6 , page 5 & MR Book 2018 p. 51: For model p=3%, when I calculate the (4-7.5)/ SQRT (0.03*0.97*250) ) I get = - 1.29 which is in range of cut off range for 97% two sided test, z value = + / - 2.17. Why is it then poor model? Thanks
3. ### Exam Feedback November 2015 Part 2 FRM Exam Feedback

Can I offer you drink in case I pass? :) ;) :D
4. ### P2 MR Tuckman Ch. 7 - Replication of option portfolio

Dear David, Refering to p. 17 in Tuckman's notes, ch. 7 and slide 9 in the video (Tuckam ch. 7). What is teh formulae used pleased to get these prices? Thanks,
5. ### Credit Risk - Gregory - Chapter 5 - Notion of "Independent amount"

I am positive you will pass - in the end, you are the one who answers questions, not asks them, heheh Best
6. ### Credit Risk - Gregory - Chapter 5 - Notion of "Independent amount"

Dear Basu Thank you *very* much for your time to provide this explanation to me. I appologize for delay in reading and my "thank you" note :) - work was a bit hectic. In case you are to sit for L2 2015, I wish you best of luck, Thanks a lot again!
7. ### Credit Risk - Gregory - Chapter 5 - Notion of "Independent amount"

Dear BT Team Would you please clarify a bit the notion of independent amount as per study notes (pages 32-33)? I am missing something here as it is stated (1) independent amount (IA) is a negative threshold (2) conceptually, IA is similar to initial margin (3) the threshold represents...
8. ### Updated / Missing Materials L2 2015

Dear BT Team How can I know which materials / videos were updated or added since my last visit (any)? Thanks a lot
9. ### Best-Suited Study Package for FRM Level II May 2015

Dear Nicole Super! I am in my bed so will buy tom the Advance package. Fell free to let me know few arguments on why to buy Pro package. Good night from CH
10. ### Best-Suited Study Package for FRM Level II May 2015

Dear Nicole Thanks for your answer. If I am a bit too frank, or misuse the English language, please excuse me. I did not know that number of hours of video can be rocket science. To me it looks quite simple: number of videos times the average length. I study well when a topic is introduced...
11. ### Best-Suited Study Package for FRM Level II May 2015

Dear Nicole, Happy New Year! Thanks a lot for your answer. How many hours of videos were available for FRM Level 2, please? Thanks,
12. ### Best-Suited Study Package for FRM Level II May 2015

Dear BT Team, Happy New Year! I am writing regarding BT study packages for FRM Level II May 2015. How far are you with preparation of FRM Level II materials? Have you finished adding all new topics/chapters? Second how many hours of videos you provide in your Advanced/Pro packages? Are all...
13. ### Trivial Quetsion - One-Sided Hypotesis Tests - P1.T2.210.2

Hey David, Many thanks for your reply and apologizes for late thank you note - was quite busy and had no chance to sit for FRM. Thanks for your valuable input as always
14. ### Standard Error in P1.T2.209.1 vs in P1.T2.71.2

Is it so obvious? You are good, really good:)
15. ### Standard Error in P1.T2.209.1 vs in P1.T2.71.2

David, You are awesome!!! Many thanks for detailed explanation. I will redo the question once again prior to the exam and hope no further questioning of the logic behind the solution(s) arises :) :) :) :) P.S. Your theory on human behavior and psychology is surely valid. When the...
16. ### Standard Error in P1.T2.209.1 vs in P1.T2.71.2

Hahaha...I am an optimist indeed! Thanks, David for your message + my apologizes - I printed materials in order to take notes. Will use the links in future. Thanks.
17. ### Standard Error in P1.T2.209.1 vs in P1.T2.71.2

God help us! I am nowhere with my preparation :( I hope guys the situation is not as dark on your end :) Anyways, I am comparing logic behind questions P1.T2.209.1 and P1.T2.71.2. Sample size in both questions is large, by definition (e.g. n> 30). Yet standard error in the P1.T2.209.1 is...
18. ### Trivial Quetsion - One-Sided Hypotesis Tests - P1.T2.210.2

Hello there! I wonder if there is a difference in result of this question if, ceteris paribus, instead of (1) Ho < or = 27 Ha > 27 as in the old question P1.T2.210.2, hypothesis was (2) H0 > or = 27 Ha < 27. I thought that for the first case t-statistics was negative (- 1.71, since (mu...
19. ### P1.T2 Miller, Chapter 4, Practice question 4

As in my another post on Monte Carlo (MC) (P1.T2 323.3), here as well I have a problem of understanding concept of so called "discrete" GBM. Given that GBM is not differentiable, one needs to apply Ito's Lemma (even for MC method), which is not done here. Comments, pls? Thanks
20. ### Next Certification to take - CQF

Next Certification to take - CQF