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rounding numbers

This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.

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August 9, 2018 at 11:28 am #467081
abbas7796
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hi

is there any penalty for rounding numbers to the tenth etc

lets say i have got % as 1.273

can i round this to 1.3 in exam or what is the standard recommended by examiner

how many decimal place do we consider?

please advise

thanks
August 9, 2018 at 4:22 pm #467103
John Moffat
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There is no standard recommended by the examiner (and there should not be – this is a financial management exam, not a maths exam 🙂 )

It is up to you to decide what rounding is sensible depending on the particular decision being made. The marks are for your workings and assumptions, not for the final answer, and rounding is therefore largely irrelevant.
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