I just had several questions on a topic I hadn't seen at all
It was bsically
This firm thinks in Q2 they havea …
25% change of making 150k
40% chance of making 40k
15% chance of making 75k
20% chance of making 205k
How much are they most likely to make (like an average of all of those based on the weight assigned to them)
Can any one help walk me through how to solve this or point me to an example in Ninja or in Becker?
Take a look at Becker Chapter 4, Module 1. Theres a small section on scenario analysis that might help. You're on the right track, the question is most likely just asking for a weighted total.
Yes, correct, see example 2 page B4-4 (module 1) (Becker)
@Natalierose, how was the WC?
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