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CIMAPRO19-P01-1 Exam - Topic 9 Question 60 Discussion

The marketing director of a company is deciding which of three products to launch into a new market.The following table of possible outcomes has been prepared.What is the value of perfect information about market conditions?Give your answer as a whole number to the nearest $ million.
A) $12 million

CIMAPRO19-P01-1 Exam - Topic 9 Question 60 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 60
Topic #: 9
[All CIMAPRO19-P01-1 Questions]

The marketing director of a company is deciding which of three products to launch into a new market.

The following table of possible outcomes has been prepared.

What is the value of perfect information about market conditions?

Give your answer as a whole number to the nearest $ million.

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Suggested Answer: A

by Jose at Oct 23, 2022, 03:36 PM

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Salena
10 months ago
Just did the math, $12 million checks out!
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Tawna
10 months ago
I think it could be less, maybe around $10 million?
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Garry
10 months ago
Wait, are we sure about that number? Seems high.
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Karl
11 months ago
Totally agree, that makes sense!
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Ayesha
11 months ago
The value of perfect information is $12 million.
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Rosalyn
11 months ago
I think the value of perfect information is the difference between the best expected outcome and the best outcome with certainty. I hope I remember the right steps!
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Allene
11 months ago
I feel a bit lost on how to approach this. I think I need to compare the expected outcomes with and without perfect information, but I’m not confident in my calculations.
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Ellen
11 months ago
This question seems similar to one we practiced about decision trees. I think I need to find the expected values first before determining the value of perfect information.
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Fabiola
11 months ago
I remember we discussed the concept of perfect information in class, but I'm not entirely sure how to calculate its value in this context.
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Jenelle
11 months ago
I'm a bit unsure about the other options. Onboarding the SD-WAN branches and providing clock synchronization don't sound like core Versa Controller functions to me, but I'll double-check my notes just to be sure.
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Vincenza
11 months ago
Hmm, this seems like a tricky one. I'll need to carefully read through the options and think about the best approach to ensure the technicians have the right access.
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Isidra
11 months ago
Ugh, I hate these tricky admin console questions. Guess I'll just have to give it my best shot.
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