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# I'm gonna get my arse kicked....

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GMAT Club Legend
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I'm gonna get my arse kicked.... [#permalink]

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22 Jul 2007, 14:52
I'm reading through some slides from an introductory statistics course at the GSB when I come across this gem:

Well, thank goodness he clarified that! Things might have been confusing without it.
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Re: I'm gonna get my arse kicked.... [#permalink]

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22 Jul 2007, 15:30
rhyme wrote:
I'm reading through some slides from an introductory statistics course at the GSB when I come across this gem:

Well, thank goodness he clarified that! Things might have been confusing without it.

two weeks into the class and this slide will seem very basic..
dont worry
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22 Jul 2007, 15:54
yeah, that's actually the easiest thing you will learn in statistics, the Gaussian Normal distribution... just plug in numbers and you get an answer. The other ones are more brutal...
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Re: I'm gonna get my arse kicked.... [#permalink]

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22 Jul 2007, 15:55
rhyme wrote:
I'm reading through some slides from an introductory statistics course at the GSB when I come across this gem:

Well, thank goodness he clarified that! Things might have been confusing without it.

two weeks into the class and this slide will seem very basic..
dont worry

Its actually fairly straight forward stuff - some variable normally distributed with a mean of u and variance of bla bla has a graph as defined below..

But talk about daunting for someone with no background or knowledge of stats.

I'm not a math geek by any means, but I thank the lord I'm not a poet either.

Mostly I thought it was funny how "this was just for the record"... as if to say "For those of you that find this fascinating...."
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22 Jul 2007, 23:40
The equation should be f(x) ~, not equals, because X is assumed to be close to the normal function, in that case, the value should be close to that of a normal distributiotion equation.

Just my 2 cents - or am I wrong??
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Re: I'm gonna get my arse kicked.... [#permalink]

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23 Jul 2007, 00:30
rhyme wrote:
rhyme wrote:
I'm reading through some slides from an introductory statistics course at the GSB when I come across this gem:

Well, thank goodness he clarified that! Things might have been confusing without it.

two weeks into the class and this slide will seem very basic..
dont worry

Its actually fairly straight forward stuff - some variable normally distributed with a mean of u and variance of bla bla has a graph as defined below..

But talk about daunting for someone with no background or knowledge of stats.

I'm not a math geek by any means, but I thank the lord I'm not a poet either.

Mostly I thought it was funny how "this was just for the record"... as if to say "For those of you that find this fascinating...."

Imagine what will happen to the poets, when you guys start to convolute these functions

On the other hand, they will have better performance in other kinds of classes.

Anyway. I agree that this will be very tough for no quant people.
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23 Jul 2007, 01:30
I'm praying for my survival of the stats course at GSB! Are there any quantitative courses lower than basics?
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23 Jul 2007, 02:22
Yeah this is quite straighforward (I have taken stats b4). However, I am concerned abt Finance. Wonder what awaits me in topics that I am not familar with!
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23 Jul 2007, 03:38
Nah, don't try to scary yourself. Open a textbook and read through a chapter, you will find that you understand most of it. Then turn to the question and problems and try some, you will see you are able to do half of them. So what's the big deal.
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23 Jul 2007, 04:23
darren1010 wrote:
Nah, don't try to scary yourself. Open a textbook and read through a chapter, you will find that you understand most of it. Then turn to the question and problems and try some, you will see you are able to do half of them. So what's the big deal.

Agree with Darren.

I am taking UCB online course on calculus. Initially those equations seem kind of scary, but as I keep reading examples and explanations I am able to understand most of the things and solve exercises also.

Sooo Poets, take heart !!!

Last edited by aurobindo on 23 Jul 2007, 06:43, edited 1 time in total.
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23 Jul 2007, 06:26
sm176811 wrote:
Yeah this is quite straighforward (I have taken stats b4). However, I am concerned abt Finance. Wonder what awaits me in topics that I am not familar with!

This awaits you.

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23 Jul 2007, 06:58
rhyme wrote:
sm176811 wrote:
Yeah this is quite straighforward (I have taken stats b4). However, I am concerned abt Finance. Wonder what awaits me in topics that I am not familar with!

This awaits you.

That's a GMAT Math question... level 600 + ....

More seriously, there's already something to eat here, an hard born :D
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23 Jul 2007, 07:31
now *that's* scary!
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23 Jul 2007, 09:12
Fig wrote:
rhyme wrote:
sm176811 wrote:
Yeah this is quite straighforward (I have taken stats b4). However, I am concerned abt Finance. Wonder what awaits me in topics that I am not familar with!

This awaits you.

That's a GMAT Math question... level 600 + ....

More seriously, there's already something to eat here, an hard born :D

What you really should know from all this stuff: know how to play volatility!

I really like all this theory, but when we start perusing KI and KO options is when things get really PUNK! Receantly I talked to a guy who made a model to price a S&P structure (with rebate and KO), then I saw what is really math, but beware that only those who take options classes perhaps are going to get to this level.

Nah, they won't....
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23 Jul 2007, 09:20
^^^ DORK ^^^^

Actually its something we will all see - though the math will be dumbed down from that. What you are looking at is black-scholes.
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23 Jul 2007, 09:29
rhyme wrote:
^^^ DORK ^^^^

Actually its something we will all see - though the math will be dumbed down from that. What you are looking at is black-scholes.

Sometimes option traders just call it as the BS model

Ops, just kidding here, not trying to provoke any GSB student...
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23 Jul 2007, 10:11
This did not improve my afternoon. I've gone through a stats course in undergrad, one in my first grad, and now this again. It's like a recurring nightmare.
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23 Jul 2007, 10:18
09App wrote:
This did not improve my afternoon. I've gone through a stats course in undergrad, one in my first grad, and now this again. It's like a recurring nightmare.

Then you should be 100% fine... You've taken it twice? Why not take regressions then?

Or just do what I'm doing and go through the entire quarter online. Painful as heck, and on Notes 3, I lost him.

http://faculty.chicagogsb.edu/alan.best ... index.html

Theres no password required, so I imagine its public.
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23 Jul 2007, 10:33
You guys need to quit studying, maybe go drink or something.
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23 Jul 2007, 10:36
W T F.

I'm a 50Q and I'm scared.
23 Jul 2007, 10:36

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