Probability

CFA Level I Quant
#1

Does anyone know of helpful free videos on probability concepts?

#2

Also – how important is this section on the test?? This section is KILLING me to the point where I feel like I should just focus on other topics in this section because I have no clue how to keep this stuff straight.

#3

The first place to look for videos in general is always Khan Academy.

#4

Gracias!!!

#5

@daharmattan1- That is actually great to hear because I am significantly more comfortable with covariance, correlation, normal distributions, sampling, etc.

The specific topics that are just pure probability based with little application to any real world investment applications are what is giving me the hardest time. It’s keeping track of all of the probability rule formulas and Bayes that I can’t keep straight.

I’ve been stuck on that section for sometime but I’m just moving on and going to come back to it later.

I’m going to focus more on the topics like covariance, correlation and eventually come back to the conditional/unconditional ones later but I doubt it will be worth my time to really try and figure those out.

Thanks for your help!

#6

I wrote an article about Bayes’ formula that may be of some help here: http://financialexamhelp123.com/bayes-formula/

#7

@s2000magician Thank you I will check it out!

#8

My pleasure.