Afm final exam review Study guides, Class notes & Summaries

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)...

UPDATED AFM FINAL EXAM REVIEW 2024 WITH 100% ACCURATE ANSWERS

AFM 102 FINAL EXAM REVIEW QUESTIONS & ANSWERS 2023/2024 Financial accountants - ANSWER-for producing quarterly and yearly financial summary reports for external users such as banks, tax authorities, regulators, shareholders/investors, and bondholders. The main role of financial accountants is to prepare financial statements that external users can use to understand the company's past performance compared to a prior period. Managerial accountants are responsible for the following areas: ...

ombination order does not matter Permutation order does matter What does "and" mean? you multiply what formula do you use for "or"? P(a)+P(b)-P(a,b) What calculator input do you use for combination? Math, PRB, 3 What calculator input do you use for permutation? Math, PRB, 2 How do you know if something is fair? -find the expected value: A(a) B(b) C(c)...... -if the expected value equals 0, its fair Probability of success formula: (n/k...