I just did your flash quiz test on the quantitative section. Are there questions related to topics that are not included in the LO by any chance? Some of them seem really abstract to me...
Not generally, you might notice each has the 2008 AIM above it. I literally take the AIM and the assigned readings and write a question based on the source reading. The only thing i often try to do is invoke some other assigned reading to give double-duty. For example, #11 is:
"If expected loss (EL) = EAD (or AE) * PD * LGD, which is the conditional distribution?"
based on AIM that says "Distinguish between marginal and conditional probability functions" so there I am obviously invoking language from the credit risk to give double-duty.
Otherwise, I am very careful to use language in the assigned reading. But the AIMs are quite granular and I can see why you say this for some of them; e.g., one of the early is "Gujarati Chapter 2: Statistics Review. Discuss the implications the normal probability density function has [sic]" which is a strange AIM, so i used copula from Hull as it's assigned.
But please, I'd love an example or two, i always want to make them better. They are different than the case-based questions that associate with the episodes (which are maybe more similar to the sample quesions) - but I'm okay with that - these case-based sample questions often stray wildly from the assignments, so i think both is probably good, but please help me with additional feedback.
Many thanks for your reply David. I just checked again and I believe that I figured out where the issue was coming from. I took the the 2007 quant flash quiz which includes questions on the Poisson distribution etc... my apologies.
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