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Dear Sir / Madam,
I did not understand Maximaxi method applied in Question 1 of P5 Pilot Paper ! Can anyone please throw light on it !
Deep
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Hi i will give you a good answer when i do the question but the very basic of maximaxi is that you are a risk taker and would like to maximise your profits given the probabilities in question so you get all the best results in each scenario and choose the best of the best! let me know if i was of help. Yvette.
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