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In the 3rd question Creative Division (CD) part B it is given the combined probability of achieving 12% fall would be 18% and that this is abstracted from the probability matrix..how is this calculated? Plz help!
Hi abi, see cost and sum all the probability correspondingly you will got the point
peace
12% reduction in total cost would be $36.26 (41.21*12%). Therefore look all the cost below this amount in table 1.
Then add all the combined probability relevant in table 1 in table 2
(.08+.02+.03+.03+.01+.01=.18)
Hope this is clear
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where can i get the pilot paper
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