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CIMAPRO19-P01-1 Exam - Topic 9 Question 67 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 67
Topic #: 9
[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

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by Glory at Mar 20, 2023, 06:09 PM

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Leanora
7 months ago
Just checked, and yeah, 150 is correct for Project Y!
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Talia
7 months ago
Wait, are we sure about that 150 figure? Seems off.
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Cherry
7 months ago
Totally agree, 150 makes sense based on the table!
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Isabella
7 months ago
I think the regret for Y should be 150, right?
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Tarra
8 months ago
Project Y has a payoff of 110 at average demand.
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Paulene
8 months ago
I think I saw that the regret for Project Y at average demand should be calculated against the maximum payoff for that demand level. I just can’t remember the exact numbers!
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Johnetta
8 months ago
I feel a bit confused about which demand level to use for Project Y. Was it the middle one? I hope I can remember the payoff values correctly.
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Lemuel
8 months ago
If I recall correctly, the regret is the difference between the best outcome and the outcome of the project chosen. I think I need to look at the average demand row for Project Y.
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Nobuko
8 months ago
I remember we practiced a similar question about regret matrices, but I’m not sure how to calculate the regret for Project Y specifically.
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Carlota
8 months ago
Okay, I know NX-API is used for Cisco Nexus switches, so I should be able to figure this out. Let me think through the common network management commands.
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Margret
8 months ago
Okay, I've got a strategy - I'll carefully read through each answer option and think about how the item master and sales order processing would work in each case.
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Jonelle
1 year ago
This question is so dry, it's making me thirsty! Maybe the manager should just flip a coin and call it a day. But if I had to guess, I'd say the regret for Project Y in the average demand scenario is $160,000. Option D FTW!
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Rosalind
12 months ago
Yeah, $160,000 for Project Y in the regret matrix makes sense. Let's see if the manager goes with that option.
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Salley
12 months ago
I agree, Option D seems like the best choice here. Let's hope the manager makes the right decision.
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Dortha
1 year ago
I think you're right, the regret for Project Y in the average demand scenario is $160,000. Option D is the way to go!
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Janella
1 year ago
Regret matrix, huh? Sounds like a band name. Or maybe a new cryptocurrency. Anyway, I'm going with option C. $520,000 sounds like a pretty good payoff to me, even if it's not the maximum. Hey, at least I'm not the one who has to make the tough decisions around here!
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Shayne
1 year ago
Ah, the age-old question of which project to choose. This is like trying to pick a winner at the horse races - you never know for sure until the race is run! But I think I've got it figured out. The regret for Project Y when average demand arises is $160,000, so option D is the correct answer.
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Jade
12 months ago
So, the manager should probably avoid choosing Project Y if the average demand arises.
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Glen
1 year ago
That makes sense, Project Y seems to have the highest regret at average demand.
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Milly
1 year ago
I think you're right, the regret for Project Y at average demand is $160,000.
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Kendra
1 year ago
I'm not sure about this one. The payoff table shows the outcomes, but I'm having a hard time figuring out how to calculate the regret matrix. Maybe I should have paid more attention in my decision-making class.
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Alica
1 year ago
Well, this is a tricky one. If average demand arises, then the payoff for Project Y is $520,000, which is the highest among the three projects. So, the regret for Project Y would be the difference between this and the maximum payoff, which is $160,000. Option C is the correct answer.
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Theron
11 months ago
Exactly, the regret for Project Y is 160.
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Adelina
11 months ago
Oh, I see. So, the regret for Project Y would be 160.
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Dino
11 months ago
No, it's not 520. The correct answer is 160.
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Sherell
11 months ago
I think the answer is 520.
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Bambi
12 months ago
Oh, I see. Thanks for clarifying.
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Novella
12 months ago
Actually, it's 520. The regret for Project Y would be 160.
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Matthew
1 year ago
No, I believe it's 110.
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Carisa
1 year ago
I think the answer is 520.
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Youlanda
1 year ago
Why do you think it's 160?
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Charlene
1 year ago
I disagree, I believe the correct answer is D) 160.
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Youlanda
1 year ago
I think the answer is A) 150.
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