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Sir, i have been trying to reach you for a very complicated issue on minimax regret table since it was not same as the one you taught us on contract size with the normal demand.
Please, assist me on the question 17 September 2016 question section B.
I want to know how the table figures were calculated because I understand that i have to select the biggest figure and substract from other alternations figure to get the opportunity loss.
Thanks in adveance
I do not understand why you refer to this as a very complicated issue, or why you say it is not the same as the way I taught it – the approach is exactly the same! 🙂
There are lectures on this website that I have uploaded working through the questions in this exam. You can find this question by following this link:
https://opentuition.com/acca/f5/acca-f5-september-2016-exam-section-b-questions-16-20/
Sir, thank you so much i think i understand the trick now because i was using the normal demand to create the regret matrix and that was why i had complications. Now i understand that the table can come from different angle.
The course of action usually formed the basis of selecting the maximum worst outcome which was the supply from your explanation on the question 17 of the September exams.
While the demand formed the basis of forming the Regret table.This is so simple . I am very happy sir and i will continue to say you are the best among all books put together .
I wish you are the one taking Paper F7.
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