gubar - I've tried your method, it still comes up too "pointy".
Here's the screen cap. I had to smooth it twice in order to bring a rounded cap, but I won't always get the cut faces tool in the right spots. As you can see, the bottom has become wonky, I do not want that.
Basically I'm asking how to make a cone like a Candy Corn.
It's silly that they have the option for "rounded cap", but on the opposite end!
I figured out how to avoid the wonky bottom part by just not selecting that face.
However, I still want an easier way to make a rounded top cap without using the smooth tool twice as it add way too many polygons, suppose I have to edit it down the road? It starts off as 380 faces (without selecting the bottom face) and ends up 6080 faces after smoothing twice. Way too much.