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Help- if given a probability matrix showing a range of values as given in question 3b P5 pilot paper what it means. I donot get it ? please shed some light
In the first table it is showing all the different possible costs. (The cost depends on how many cuts and also on how many sq.metres of timber). So, by looking at the relevant row and the relevant column you can see how much it will cost.
(so, for example, if timber is 0.8 sq m’s and if there are 30 cuts, then the cost is 47.69.)The second table is showing the probability of each of them. So, for example, the probability of there being 0.8 sq m’s and there being 30 cuts is 0.02.
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