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Hi,
I was working through the questions in this mock exam paper, and Q1 (b) (ii) with the regret matrix. I couldnt figure out how they came up with the result. Can you help? Thank you!
Hi trinistudent001
it took me so long to understand this minimax regret. But I finally figured it out.
in mock question, take the pay off table prepared in b(i): We now need to prepare a new table for minimax regret, so write the col headings etc. Then:
Line 1, chose the highest value. You need to ask yoursefl, if I chose the best option do I have any regrets? No. Then the value goes in as 0 for the fist one. Move on to next value and deduct 832000 from minus 1164800 which = 1996800. Then deduct 832000 from 2662400=3494400 and so on.
Now go to line 2, ask yourself. which is the highest value in original table? 2163200. So if I chose this then the regret is zero so firstly place that in its place. Now do as above, deducting the rest from this figure.
All this is doing is finding the difference between chosing the best decision and the rest. So fill out the whole table like this.
Then you will see that you have 3494400 to chose to minimise the the max regret.
Hope this helps. If not, I have a web address I can give you which helped me understand how this works.
Cheers and thanks again for the questions. they’ve been invaluable.Sorry forgot to say, once you prepare your 2nd table, you then need to chose between columns, the maximum regret value. In Kaplan answers, these were 8524400, 4492800 3494000 4160000. Then you chose the smallest one. I forgot to say this. becasue if you end up chosing the smallest one from the table itself, it would be wrong!
Hi ! could someone kindly email the Kaplan Revision Mock Exam (Dec 2010) for F4 and F5 to me at : desola101@hotmail.com
I’ll be very grateful.
thanks
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pls someone send mock june 2010 to me. thanks saroja09@gmail.com
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pls send on saroja09@gmail.com mock june 2010
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pls send on saroja09@gmail.com mock june 2010
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Pls can someone email me Kaplan Revision mock exam for December 2010 at suzanneso2001@ yahoo.com F5 and F6.Tanks
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I really appreciate if some send me mock exam for 2010 through dagidagis@yahoo.com
I am waiting!!
hi can someone email to me any mocks for the december 2010 exams for papers p1 p4 and p5 through this email address: atemetchu@gmail.com
thanks very much in Advance,Etchuatem
i want kaplan mock for p4 n p5 can some one mail me plz at sadianasim344@hotmail.com plz
Please send me the P4 & P5 Kaplan mocks. I would really appreaciate that. It’s heyitssandi@hotmail.com.
Many thanks
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Someone there please help and send Kaplan mock exam for P5 and P7 or give the date when we shall check for them.
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Sierra leonean student
Can someone kindly assist me with mock exam for Paper P5?
Please email me at abukai82@yahoo.com
Thanks.have someone got the mock for P5 please post it on the forum so that everyone that benefit of it. thanks
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Hi,
Could someone send me kaplan dec 2010 mock exams to my inbox
nesterlo@hotmail.com.Thanks for your assistance.
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Hi,
Could someone send me Kaplan Dec 2010 Mock Exams for P3 & P5 into my email nesterlo@hotmail.com.?Thanks for your assistance.
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hi,
Please anyone with both P5 mock and answers.
email to strategy.2007@hotmail.co.uk please.Be Blessed and wish you all the goodluck.
We do not host copywrite material – this exam must not be posted on this website.
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please send me the kaplan mock for 2010 and 2011(roelinam@gmail.com)
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I would appreciate the kaplan mock for 2010 and 2011 as well – jrggraham@gmail.com
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@jrggraham said:
I would appreciate the kaplan mock for 2010 and 2011 as well – jrggraham@gmail.comPlease send me mock exame for P5 june 2011 exame
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Hi,can someone email to me kaplan mock exams P5 and 2010 december exams to amoomichael @yahoo.com
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