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CIMAPRO19-P01-1 Exam - Topic 5 Question 128 Discussion

A manager must select one of three projects, W, X or Y.The following payoff table has been prepared to show the outcomes in $000 at three possible levels of demand:The manager is now preparing a regret matrix.What figure (in $000) will be shown for Project Y in the regret matrix if the average demand arises?
A) 150
B) 110
C) 520
D) 160

CIMAPRO19-P01-1 Exam - Topic 5 Question 128 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 128
Topic #: 5
[All CIMAPRO19-P01-1 Questions]

A manager must select one of three projects, W, X or Y.

The following payoff table has been prepared to show the outcomes in $000 at three possible levels of demand:

The manager is now preparing a regret matrix.

What figure (in $000) will be shown for Project Y in the regret matrix if the average demand arises?

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Suggested Answer: A

by Avery at Jun 22, 2026, 11:52 AM

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Georgeanna
I think I remember that the regret for Project Y at average demand could be 150, but I’m not confident. I need to double-check the payoffs again to be sure.
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Daniela
5 days ago
If I recall correctly, for average demand, we should look at the payoffs for all projects and find the maximum for that demand level. Then subtract Project Y's payoff from it.
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Amos
10 days ago
I’m not entirely sure how to calculate the regret matrix. I think it involves finding the difference between the best outcome and the outcome for Project Y, but I’m confused about the average demand level.
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Gayla
15 days ago
I remember we practiced a similar question with a payoff table and had to calculate regrets. I think the regret for Project Y might be related to the highest payoff in that demand scenario.
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