Explain briefly the problem with var

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Naked Statistics

Read the book Naked Statistics by Charles Wheelan. Answer the following questions in paragraph form (a paragraph is at least 5 sentences). Your paper should be between 1 and 2 pages long.

Discussion Questions

1. What was your favorite example he used in the book and why? (It has to be something other than the content for questions 2 and 3)

2. Explain briefly the problem with VaR (chapter 6) and how we can avoid this type of thing in the future?

3. In Chapter 9 the author uses an example where a professor thinks he has cheated. Does the professor's reasoning make sense? Explain.

Reference no: EM132465321

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