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Pilot P5 Paper-Question 1- Mackerel

Forums › ACCA Forums › ACCA APM Advanced Performance Management Forums › Pilot P5 Paper-Question 1- Mackerel

  • This topic has 2 replies, 3 voices, and was last updated 11 years ago by beyagala.
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  • October 14, 2013 at 4:06 am #142728
    deepmaharaj
    Member
    • Topics: 58
    • Replies: 32
    • ☆☆

    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

    October 17, 2013 at 11:56 am #142979
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 4
    • ☆

    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.

    October 17, 2013 at 3:11 pm #143001
    beyagala
    Member
    • Topics: 1
    • Replies: 53
    • ☆☆

    Maximise the Maximum, or the Maximum of the Maximums

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