Exemption exam in Business Statistics

Small number of posts lately doesn't mean nothing interesting is happening with me. Just the opposite! That's why I'm finally posting this after midnight on Sunday :)

This time I wanted to write about exemption exams at London Business School.
The School gives us 4 options:

• Managerial Economics (by Masters degree in Economics)
• Financial Accounting (by an appropriate professional qualification in Accounting)
• Business Statistics (by eligibility test)
• IT for Business Value (by exam in Autumn Semester)

All current students recommend to exempt as much as you can.
I cannot get away from Economics and Accounting, so I applied for the Statistic test in the beginning of July, was one of the first to get it and started solving right away (only two weeks time for the test).
I didn't have a text book (Mik Wisniewski Quantitative Methods for Decision Makers), but I was armed with *rusty-dusty* prior knowledge of statistics and internet connection.

If you are (or will be) in the same shoes, have a look at the following links:

• Useful Java applet to check your Z-table figures
• Hypothesis test (also with Java applet) and one more explanation
• Calculation of portfolio variance (my favourite task so far)
• Regression applet in MS Excel: how to work with and how to interpret (*.ppt)
• And Wikipedia for every unknown term

To my *mathematical* mind the test was rather hard. Results will be out in the end of August and I'll let you know how I did.