AFM final exam review questions & answers 2023/2024
19 views 0 purchase
Course
AFM
Institution
AFM
AFM final exam review questions & answers 2023/2024
Combination - ANSWER-order does not matter
Permutation - ANSWER-order does matter
What does "and" mean? - ANSWER-you multiply
what formula do you use for "or"? - ANSWER-P(a)+P(b)-P(a,b)
What calculator input do you use for combina...
AFM final exam review questions &
answers 2023/2024
Combination - ANSWER-order does not matter
Permutation - ANSWER-order does matter
What does "and" mean? - ANSWER-you multiply
what formula do you use for "or"? - ANSWER-P(a)+P(b)-P(a,b)
What calculator input do you use for combination? - ANSWER-Math, PRB, 3
What calculator input do you use for permutation? - ANSWER-Math, PRB, 2
How do you know if something is fair? - ANSWER--find the expected value: A(a) * B(b) * C(c)......
-if the expected value equals 0, its fair
Probability of success formula: - ANSWER-(n/k) (P)^k (1-p)^n-k
Before you start the exam.... - ANSWER-2nd, 0, DiagnosticOn
Open circles - ANSWER-
Closed circles - ANSWER-
(X + #) - ANSWER-Moves left
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Bensuda. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R148,60. You're not tied to anything after your purchase.
