TAKING THE SERIES 66 EXAM? KNOW HOW TO CALCULATE STANDARD DEVIATION!
The Series 66 exam is designed for those candidates who have already passed the Series 7 general securities exam, or for those who intend to sit for the Series 7 shortly. However, if you are thinking of sitting for the Series 66 exam, don't think that because you have a Series 7 this exam will be a piece of cake. Why do I say this? Because consider the topics contained in the Series 66 Test Specifications put out by NASAA, the creator of the exam. Section I (A) (2) discusses descriptive statistics, including mean, median, mode, range, standard deviation, alpha, beta, and the Sharpe ratio. Therefore, don't go into the test without being adequately prepared. Bob Eder's study text, Study for the Series 66 Exam , has a full treatment of descriptive statistics and the topics included, as mentioned above, in its Chapter 1, entitled Economic Analysis. For example, Study for the Series 66 Exam discusses standard deviation, and gives an example how to calculate it, then follows