Risk and Uncertainty - Maximax - ACCA Performance Management (PM)

[@blackm9063]

thank you

[@doryshamedo2389]

How do we get the best outcome.... I am requesting for the formula

[@opentuition]

There is no formula! For maximal it is the highest of the possible outcomes.

[@doryshamedo2389]

@@opentuition am a student, would like to know if those figures like 2900, 3500 are given or there is a formula to calculate them

[@opentuition]

@@doryshamedo2389 There is no formula because it depends on the information given in the question. It is application of basic costing. Have you watched the earlier lecture on this series where I explain the calculation of the figures? If you go to our website you can find an index linking to all of our lectures, which should be watched in order.

[@doryshamedo2389]

Ok thank you. May i have your website

[@opentuition]

@@doryshamedo2389 It is stated above on this page (and is presumably where you downloaded the notes from as explained at the start of every video!!!) :-) It is www.opentuition.com