CIMA P1 Chapter 13 Test
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Hi, for the question no. 3 there is an error. It should be 100 units as minimax regret correct answer. The maximum regrets are here: for 100 units: 1000 dollars, for 300 units: 4000 dollars, for 500 units: 8,100 dollars. So the minimum loss of these is 1000 dollars, hence 100 units.
Please correct this.
Yes that was exactly my answer: 100 units
for this question the answer is supposed to be 100 units