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Could you please tell me which of these is right:
Project 1 project 2 project 3
Contributions: (100) (300) (600)Regret table:
Project 1 project 2 project 3
(500) (300) 500I wrote figures from my mind.Is my logic correct: best option would be to choose project 1 as it is least to loose, therefore if we choose it, we gain 500 in compare with project 3.The same applies to other two.
Or:
Regret table:
Project 1 project 2 project 3
0 200 500
Logic:if we choose project 1 we don’t regret for anything therefore it is 0, then project 2 is 200 worse (300 less 100),the same about project 3.The second one is correct.
Have you watched my lectures on this? The lectures are a complete. free course for Paper F5. and cover everything needed to be able to pass the exam well.
Yes, I listened to them, but in one of my kit problems they do something similar to first way.
Thank you.
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