Day 6 - Level 1 CFA in 90 Days
Day 6 begins a new Quantitative Methods block. After several days of time value of money, today shifts into descriptive statistics: how data is summarized, interpreted, and compared. The Quant questions cover mean, weighted mean, geometric mean, variance, standard deviation, coefficient of variation, skewness, and kurtosis.
This is a study-plan blog post, not official CFA curriculum
material. Use it to structure your preparation, then rely on your CFA
materials, notes, or question bank for the actual readings and practice
problems.
Checklist
Spend 10-15 minutes preparing your study setup.
Materials: Keep your formula sheet, calculator, question bank, and notebook ready.Calculator check: Confirm how to enter a small data set and calculate mean and standard deviation.
Formula focus: Mark formulas for mean, weighted mean, geometric mean, variance, standard deviation, coefficient of variation, and range.
Flash cards: Keep your flash cards handy or ready to be prepared
Question bank filter: Select Quant questions tagged statistics, descriptive statistics, measures of central tendency, and dispersion.
Time block: Plan for study, review and questions, 2-3 hours
Today’s goal is to understand what each statistic tells you,
not just how to calculate it.
Daily Ethics reading and prep
Spend 10-15 minutes on Ethics before the Quant block.
Today’s Ethics focus: misrepresentation and data
presentation.
Read one short scenario where an analyst presents
performance results, charts, or statistics to a client. Ask yourself:
- Is
the analyst showing the full picture?
- Are
any numbers being cherry-picked?
- Are
assumptions clearly explained?
- Could
the presentation mislead the client?
- What
disclosure would make the communication fairer?
Then complete 5 quick Ethics questions or flashcards. If you
miss one, classify it mainly as a Concept gap or Reading
error.
Main study block
Today’s Quantitative Methods focus is descriptive
statistics.
Subtopics to study