Diagnostics test for Cass undergraduates
Anyone taken the "Financial Mathematics and Business Statistics Diagnostics" test? What is it like? What's being asked/What's in it? How do I prepare for it?
Thanks a bunch!
Thanks a bunch!
Isn't that part of the course?
Original post by PJGenius
Hello Buddy,
I am wondering the same thing. I think it would be A-Level Maths? This is for IFRM right?
Cheers!
I am wondering the same thing. I think it would be A-Level Maths? This is for IFRM right?
Cheers!
Yeah it is! Oh well I'm screwed :O I didn't do the A-Level!
Original post by c5k
Yeah it is! Oh well I'm screwed :O I didn't do the A-Level!
I've seen an exam paper for this module, it's ridiculously easy to such an extent that I have lost faith in cass, but then again I should've applied for a more quantitative course and many people here won't have the mathematical background. But if you didn't do A-Level mathematics then yes you're majorly screwed (not that it matters at this stage).
You should know:
Basics: Simple interest, compound interest, discounting, present value, continuously compounding interest rates
Calculus: basic differentiation and integration
Matrices: adding, multiplying (I can't believe there was a question on the paper that asked to add two matrices together...)
Statistics: Linear programming, probability, conditional probability, binomial\poisson distribution, covariance and correlation, normal distribution, hypothesis testing, regression analysis
I won't even mention algebra because the level this module demands is ridiculously easy by any standard.
Just grab this book:
http://www.amazon.com/Mathematics-Statistics-Financial-Risk-Management/dp/1118750292
You can find it online for free
(edited 9 years ago)
The test was a joke, kill it with fire
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