I would like to know the desired question approach to the P5 questions because I feel am not getting the technique right and that is why I keep on failing to pass.I honestly need some guidance.
Have you checked out the Examiner’s Approach articles and the essential ‘Tackling the Exams’ article?
I have this problem of keep failing too..Dec 2012 is going to be my 3rd attempt for this paper and as i know there is change in the syllabus for June 2013, really hope i can go through this time.
Was just wondering, why i cant post my reply in some of the forum?
Not sure what you mean by “Was just wondering, why i cant post my reply in some of the forum?”
Is it possible for you to explain me how to calculate expected values. There is a question UNIQUE COMPONENTS. I tried a lot to calculate the probabilities and expected values but all my efforts went in vain. I will be really very thankful to you if you just tell me how to calculate them. Please explain me this part of the question. Waiting for ur reply
I don’t know what version of the answer you have, but if you take suggestion 1 of Part (b), to achieve a cost no higher than $36.26, a cost saving of at least 12%, this is achieved when the costs fall to 36.07, 32.38, 32.81, 33.28, 33.68, 34.34. These costs are achieved with probabilities of 0.08 +0.02 + 0.03 + 0.03 + 0.01 +0.01 = 0.18.
Similarly for other proposals.
please let me know in which past paper is this question on expected value, i would like to practice because am having problem to calculate expected values.
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