Common Univariate Random Variables (FRM Part 1 2023 - Book 2 - Chapter 3)

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After completing this reading, you should be able to:
- Distinguish the key properties among the following distributions: uniform distribution, Bernoulli distribution, Binomial distribution, Poisson distribution, normal distribution, lognormal distribution, Chi-squared distribution, Student’s t, and F-distributions, and identify common occurrences of each distribution.
- Describe a mixture distribution and explain the creation and characteristics of mixture distributions.

[@VSilver2]

Thank you great video. I am so pleased I have found your channel and you have covered every single chapter on the FRM exam.

[@analystprep]

Glad it was helpful!

[@hafdhellaouisouheil161]

Thank you sir

[@analystprep]

You're welcome. Good luck on the exam!

[@hafdhellaouisouheil161]

@@analystprep god bless you

[@jxtrakk]

Great video!

[@analystprep]

Thanks!

[@mithleshsyal7317]

The written summary is different from the material taught in video. Can I get the same content in video??

[@analystprep]

Hi. The materials should be quite similar even it is not exactly in the same words. I would encourage you to watch the video and also read the study notes to further your understand of every concept taught by GARP.

[@ecaeca4358]

i can't seem to understand why to obtain the variance we divide by 12. why 12?

[@ecaeca4358]

how do you get to the denominator 12?

[@analystprep]

Can you please give us a timestamp?

[@billocoy9811]

@@analystprep 2:34

[@RNWLL]

It comes from the definition of variance, VarX=E[X^2]−(EX)^2. You can find the steps online, but the 12 in the denominator is correct for uniform distributions.

[@RameshChoudhary-vx8se]

What type of questions occurs in exam?

[@analystprep]

Questions close to the ones solved in this video. You can see our question bank based on the curriculum and past exam at app.analystprep.com/

[@RameshChoudhary-vx8se]

Is these notes are enough for the exam?

[@analystprep]

Yes, but we would still recommend using a question bank to solve as many practice questions as possible, such as the one found at app.analystprep.com! This will greatly improve your chances of passing the exam.