i am unable to understand how the answer to example 1 part a of topic 10 Risk and Uncertainty was derived. Kindly guide me through it. Better yet, take me through the whole question. Thanks
I assume that you mean example 1 in Chapter 10 of our lecture notes.
If you do, then all of the examples are worked through in our free lectures, and I am not going to type out the whole lecture here 🙂
You should not use the Lecture Notes on their own – they are notes to be used with our free lectures. Do read the very first page of the Lecture notes!!
It is in the lectures that we explain and expand on the lecture notes.