Hello,
What t, f and z values do we need to memorize of level 2? Are these the only types we need to memorize? I cannot find anything else in the LOS but I am not sure.
Thanks!
Hello,
What t, f and z values do we need to memorize of level 2? Are these the only types we need to memorize? I cannot find anything else in the LOS but I am not sure.
Thanks!
You need to know the same z-values you needed to know for Level I: 68% (1.0), 90% (1.64), 95% (1.96), 99% (2.58).
You don’t need to know any t-values. It would be helpful to know that they’re generally near 2.0.
You don’t need to know any F-values.
It might also be pertinent to know the z-values for either a one-tailed or two-tailed test:
One-tail:
90% - 1.28
95% - 1.65
99% - 2.33
Two-tail:
90% - 1.65
95% - 1.96
99% - 2.58
I, for one, have never seen CFA Institute expect candidates to remember 1.28.