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June 2010 Q1 a

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › June 2010 Q1 a

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by John Moffat.
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  • November 29, 2015 at 12:57 pm #286126
    yushanshan
    Member
    • Topics: 84
    • Replies: 70
    • ☆☆

    Hi, sir
    I have trouble understanding the solution mentioned in the end of June 2010 Q1 answer a “for example, the expected value closing balance of 2.1 m is not forecast to occur , while a closing balance of 3.5 m is likely to occur.”

    November 29, 2015 at 2:28 pm #286140
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51551
    • ☆☆☆☆☆

    The actual closing balance will either be 7,500 or 3,500 or (2,500) – it will be one of those three.
    It will never be the expected value of 2,100.
    It is quite likely to be 3,500 because the probability of it being that is 0.6 which is much higher than either of the other two possibilities.

    November 29, 2015 at 2:55 pm #286151
    yushanshan
    Member
    • Topics: 84
    • Replies: 70
    • ☆☆

    Thanks, I got it.

    November 29, 2015 at 4:40 pm #286169
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51551
    • ☆☆☆☆☆

    Great 🙂

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