|Author||Topic: ztables and such... Allowed in the exam?|
|Just curious if anybody knows if these tables will be provided with the test material? Or will we just have to know the 3 main levels of significance?
|It's just the 3 main levels.
1,65; 1,96, 2,56
However I wouldn’t put to much thought into that. Most tables will be given to you. Even some of the calculations you are so used to do will be provided to you. The questions seem like they will focus more on comprehension of the formulas then pure plug-and-chug.
|Don?t mean to scare you guys but you actually need to know a little bit more than has been suggested here.
Firstly, they will not give you any formulas on exam day. All have to be remembered (this point is made on the CFA website), however as a general rule they don?t get too nasty and only use the simpler formulas in the exam.
Secondly, the proper number from the z or t tables will typically not be given to you but instead you will be given a small portion of the z/t-table to draw from. As an example, you will have 42 different samples and you need to determine the 95% probability in a two-tailed test and they will give you the table with rows from 38 to 42 and the 0.1, 0.05, 0.025 and 0.01 column and you need to be able to determine which you should be using. Naturally the common errors that are made in this calculation will normally be the other 2 options.
Hope this helps but don?t get too freaked out for as long as you know your work you shouldn?t have any troubles with the exam.
CFA Discussion Topic: ztables and such... Allowed in the exam?
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!