It is currently 19 Oct 2017, 13:25

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

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

Author Message
TAGS:

### Hide Tags

GMAT Club Legend
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5926

Kudos [?]: 2193 [0], given: 7

Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
I'm gonna get my arse kicked.... [#permalink]

### Show Tags

22 Jul 2007, 15:52
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.

Kudos [?]: 2193 [0], given: 7

Senior Manager
Joined: 18 Feb 2007
Posts: 253

Kudos [?]: 1 [0], given: 0

Re: I'm gonna get my arse kicked.... [#permalink]

### Show Tags

22 Jul 2007, 16:30
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

Kudos [?]: 1 [0], given: 0

GMAT Club Legend
Status: Um... what do you want to know?
Joined: 04 Jun 2007
Posts: 5464

Kudos [?]: 408 [0], given: 14

Location: SF, CA, USA
Schools: UC Berkeley Haas School of Business MBA 2010
WE 1: Social Gaming

### Show Tags

22 Jul 2007, 16:54
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...

Kudos [?]: 408 [0], given: 14

GMAT Club Legend
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5926

Kudos [?]: 2193 [0], given: 7

Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
Re: I'm gonna get my arse kicked.... [#permalink]

### Show Tags

22 Jul 2007, 16:55
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...."

Kudos [?]: 2193 [0], given: 7

Director
Joined: 03 Mar 2007
Posts: 985

Kudos [?]: 47 [0], given: 8

Location: Hong Kong
Concentration: Finance, Economics
Schools: HKUST MBA - Class of 2014
GMAT 1: 740 Q48 V44
GPA: 3.2
WE: Consulting (Consulting)

### Show Tags

23 Jul 2007, 00:40
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??

Kudos [?]: 47 [0], given: 8

VP
Joined: 09 Jan 2007
Posts: 1045

Kudos [?]: 162 [0], given: 3

Location: New York, NY
Schools: Chicago Booth Class of 2010
Re: I'm gonna get my arse kicked.... [#permalink]

### Show Tags

23 Jul 2007, 01:30
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.

Kudos [?]: 162 [0], given: 3

Manager
Joined: 27 Oct 2005
Posts: 182

Kudos [?]: 1 [0], given: 0

### Show Tags

23 Jul 2007, 02:30
I'm praying for my survival of the stats course at GSB! Are there any quantitative courses lower than basics?

Kudos [?]: 1 [0], given: 0

VP
Joined: 29 Apr 2003
Posts: 1403

Kudos [?]: 30 [0], given: 0

### Show Tags

23 Jul 2007, 03:22
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!

Kudos [?]: 30 [0], given: 0

Manager
Joined: 06 Feb 2006
Posts: 223

Kudos [?]: 4 [0], given: 0

### Show Tags

23 Jul 2007, 04:38
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.

Kudos [?]: 4 [0], given: 0

Director
Affiliations: FRM Charter holder
Joined: 02 Dec 2006
Posts: 726

Kudos [?]: 96 [0], given: 4

Schools: Stanford, Chicago Booth, Babson College

### Show Tags

23 Jul 2007, 05:23
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, 07:43, edited 1 time in total.

Kudos [?]: 96 [0], given: 4

GMAT Club Legend
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5926

Kudos [?]: 2193 [0], given: 7

Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45

### Show Tags

23 Jul 2007, 07:26
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.

Kudos [?]: 2193 [0], given: 7

SVP
Joined: 01 May 2006
Posts: 1794

Kudos [?]: 166 [0], given: 0

### Show Tags

23 Jul 2007, 07:58
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

Kudos [?]: 166 [0], given: 0

GMAT Club Legend
Status: Um... what do you want to know?
Joined: 04 Jun 2007
Posts: 5464

Kudos [?]: 408 [0], given: 14

Location: SF, CA, USA
Schools: UC Berkeley Haas School of Business MBA 2010
WE 1: Social Gaming

### Show Tags

23 Jul 2007, 08:31
now *that's* scary!

Kudos [?]: 408 [0], given: 14

VP
Joined: 09 Jan 2007
Posts: 1045

Kudos [?]: 162 [0], given: 3

Location: New York, NY
Schools: Chicago Booth Class of 2010

### Show Tags

23 Jul 2007, 10:12
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....

Kudos [?]: 162 [0], given: 3

GMAT Club Legend
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5926

Kudos [?]: 2193 [0], given: 7

Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45

### Show Tags

23 Jul 2007, 10:20
^^^ 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.

Kudos [?]: 2193 [0], given: 7

VP
Joined: 09 Jan 2007
Posts: 1045

Kudos [?]: 162 [0], given: 3

Location: New York, NY
Schools: Chicago Booth Class of 2010

### Show Tags

23 Jul 2007, 10:29
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...

Kudos [?]: 162 [0], given: 3

Manager
Joined: 14 Mar 2007
Posts: 60

Kudos [?]: [0], given: 0

### Show Tags

23 Jul 2007, 11:11
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.

Kudos [?]: [0], given: 0

GMAT Club Legend
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5926

Kudos [?]: 2193 [0], given: 7

Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45

### Show Tags

23 Jul 2007, 11:18
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.

Kudos [?]: 2193 [0], given: 7

SVP
Joined: 31 Jul 2006
Posts: 2302

Kudos [?]: 481 [0], given: 0

Schools: Darden

### Show Tags

23 Jul 2007, 11:33
You guys need to quit studying, maybe go drink or something.

Kudos [?]: 481 [0], given: 0

SVP
Joined: 24 Aug 2006
Posts: 2130

Kudos [?]: 152 [0], given: 0

### Show Tags

23 Jul 2007, 11:36
W T F.

I'm a 50Q and I'm scared.

Kudos [?]: 152 [0], given: 0

23 Jul 2007, 11:36

Go to page    1   2    Next  [ 37 posts ]

Display posts from previous: Sort by

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

Moderators: OasisGC, aeropower, bb10

 Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.