APM exam Sep 219

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November 26, 2020 at 6:03 am #596481
lilygao
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Dear Sir,

Can you please help me to understand Q3(C)? What material should I learn in order to understand the concept?

Thank you!
Lily
November 26, 2020 at 8:05 am #596488
Ken Garrett
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The data presented gives outcomes and probabilities. This is a problem dealing with decision-making in conditions of risk and uncertainty.

The material in Chapter 8 of our notes relates to this.
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