Rounding on Simulations

  • Creator
    Topic
  • #159742
    studyingmike
    Participant

    Hello everyone. 🙂 I’ll be taking my first test (FAR) next Wed, and I’m hoping to get some clarification on two small issues so as not to miss points on something so silly.

    First question: The Wiley online test bank apparently assumes that you round off everything to whole dollars–at every step of the way. Is that what the actual exam wants you to do as well?

    Second question: The Wiley test bank marks answers incorrect sometimes for entering, for example, 4.37 instead of 4.370 for a present value factor. I’m hoping that either one would be marked correct on the actual exam. Can anyone confirm that?

    Thanks for any information. 🙂

    FAR 2/23/2011 | 95
    AUD 4/15/2011 | 97
    BEC 5/25/2011 | 94
    REG 8/17/2011 | Fingers crossed

Viewing 3 replies - 1 through 3 (of 3 total)
  • Author
    Replies
  • #269578
    studyingmike
    Participant

    Anyone have any info on this? My test is tomorrow, and it's got me a bit worried. For example, I got a 30/40 on the sims on a Wiley practice test I took today, and 8 out of the 10 missed points were rounding issues or issues where I put “0.4687” for a PV factor and it wanted “.4687” instead.

    FAR 2/23/2011 | 95
    AUD 4/15/2011 | 97
    BEC 5/25/2011 | 94
    REG 8/17/2011 | Fingers crossed

    #269579
    Anonymous
    Inactive

    I don't think you have to be concerned with this on the real sims..

    #269580
    studyingmike
    Participant

    Thanks! 🙂 That's what I was hoping to hear. Just needed a little reassurance.

    Also, good luck with your AUD tomorrow!

    FAR 2/23/2011 | 95
    AUD 4/15/2011 | 97
    BEC 5/25/2011 | 94
    REG 8/17/2011 | Fingers crossed

Viewing 3 replies - 1 through 3 (of 3 total)
  • The topic ‘Rounding on Simulations’ is closed to new replies.