快速查题-ACCA英国注册会计师试题

 A company has used expected values to evaluate a one-off project. The expected value calculation assumed two possible profit outcomes which were assigned probabilities of 0.4 and 0.6. 

Which of the following statements about this approach are correct? 

(1) The expected value profit is the profit which has the highest probability of being achieved. 

(2) The expected value gives no indication of the dispersion of the possible outcomes. 

(3) Expected values are relatively insensitive to assumptions about probability. 

(4) The expected value may not correspond to any of the actual possible outcomes. 

 Tree Co is considering employing a sales manager. Market research has shown that a good sales manager can increase profit by 30%, an average one by 20% and a poor one by 10%. Experience has shown that the company has attracted a good sales manager 35% of the time, an average one 45% of the time and a poor one 20% of the time. The company’s normal profits are $180,000 per annum and the sales manager’s salary would be $40,000 per annum. 

Based on the expected value criterion, which of the following represents the correct advice which Tree Co should be given?