返回列表 发帖

Maximum decimal places

While doing calculations for the CFA exam generally how many places decimals to you format to not miss selecting the correct choice?

It's better to set to the 9 decimal place as default while doing the calculations, and even if you take the 2 decimal places you should get the correct answer since the answers are setup like that.

TOP

obviously.

TOP

I'm assuming that everyone knows there is a difference between the number of decimal places "displayed" on your calculator and the number of decimal places used "internally" within the calculator to arrive at an answer.

If you set the dp = 2 then internally the calculator continues to use 9 dp (not sure exactly - check the manual) when performing the calculations and simply rounds the result to 2 dp when displaying the answer.

TOP

BeboThoughts Wrote:
-------------------------------------------------------
> The best thing to do would be to get used to using
> the memory function on your calculator. On the BA
> II, it's the STO button, and then you hit a number
> (1,2,etc.). If you are adding things, you can hit
> STO then + then the number. When you want it, hit
> RCL.
>
> This is so much faster and WAY more accurate than
> writing down your answer at each step and you
> avoid any rounding errors. Start doing it now, and
> by the time the exam rolls around it'll be 2nd
> nature.

Very good advice. I got to know those buttons real well doing all three levels of the program.

TOP

返回列表