Risk & uncertainty questions

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February 21, 2018 at 7:24 am #438178
hurchund
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For the March-June exams 2018 study text – chapter 8 question risks and uncertainty – Example 1 – John

Please provide workings how they arrive at answer 1 (a)

Demand
Contract size 400u 500u 700u 900u

300u 2900 3400 4400 5400
500u 3500 4000 5000 5000
700u 4100 4600 4600 4600
800u 4400 4400 4400 4400
February 21, 2018 at 9:14 am #438185
Ken Garrett
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It is explained in detail in the Chapter 8 lecture.
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