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Unformatted text preview: k = 6.7425% Adding what is actually in the computer Mini Case does not say figures are averages of a 4 year period and mer averages to 1/100 of a percent. This makes the correct answer 6.75%. I graded based on 6.75% being the correct answer. in the case.) st believes now. rely gives the Rounding Errors Your calculator's display can be changed to show as many decimal points If you set it at 2 decimal points it will display 2 but calculates using more ( In this minicase Accurate No. Rounded No. k* = 0.63000000 0.63 IRP = 2.32500000 2.33 DRP = 1.28500000 1.29 MRP = 2.46750000 2.47 LP = 0.04000000 0.04 Sum 6.74750000 6.77 6.725 rounded to 2 decimal points is 6.75%. If you add up rounded numbers you get 6.77%. Difference is .02% (.0002) Walmart's sales are approximately $9,000,000,000 .02 percent of this is $1,800,000 On exams and homework I will want accuracy to 1/100 of a percent. s as you wish. (Excel same)...
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This note was uploaded on 09/30/2011 for the course FIN 350 taught by Professor Chen during the Spring '07 term at S.F. State.
 Spring '07
 Chen

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