Hello Class,

I should have your final problem sets graded by Friday, so if you wish to pick them up to help with your studies, I plan on hosting office hours between 12:00 to 2:00 pm on Friday at the Financial Markets Center. I may also be available after 5:00 that day, if you wish to ask questions or pick up your problem sets then you should email me beforehand. Provided you study problem sets 3 & 4 as well as the practice midterm, you should be well prepared for the exam, which is structured in the same manner.

However, if you do not understand how to apply the concepts learned in class, nor how to utilize derivatives or standard normal distributions, this and other exams will prove quite difficult. I recommend at a minimum using a graphing calculator such as TI-84, TI-89, or TI-Nspire CAS, but it is not necessary, albeit very helpful. Furthermore, DO NOT round any intermediate calculations, otherwise you may get the wrong answer.

There have been times when the precision level of the final answer results in very difficult outcomes if the intermediate calculations are rounded. Additionally, show all relevant work, or you may not receive partial credit. Answers that are close but mechanically wrong are still incorrect, but answers that are close due to rounding error may receive credit depending on the severity. Make sure you always answer the question asked, not tangential information.

I believe that each of you are capable of performing well in the class, as long as you do the appropriate practice and check your work carefully. Many of you have performed exceptionally on the problem sets so far, but some of you likely will need to dedicate significant time to really understand the material. Furthermore, even if you did well on the problem sets, you should still study them to ensure you have not forgot the material. Good luck!

-Alexander Law