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Hello,
Question “BWY Houses” part c) asks to “assess the role that risk and uncertainty could play in deciding whether or not BWY should expand into the countries around Erewhon.”
When reading the solution, I don’t understand how the answer addresses the question.
Any advice on how to tackle such question?
Thank you in advance.
Stephan D
I agree that it does not address the question well. The last two points are relevant but not kuch else. The question supplies probabilities so we could talk about expected values (risk), and minimax etc for uncertainty.
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