BEC question from exam- How much will they make based on a statistical liklihood

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• #2887587
Natalierose
Participant

Hey guys!

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?

R- 75
B- 76
A- 80
F- Scheduled 5/28/2017
#2887647
LVNB15
Participant

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.

Ninja & Becker

FAR: 82

AUD: 84

BEC: ---

REG: ---

#2889453
Lily
Participant

Good morning,
Yes, correct, see example 2 page B4-4 (module 1) (Becker)
@Natalierose, how was the WC?
Thanks.

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