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
    LVNB15LVNB15
    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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