3. (a)

(b)

(c)

MANG6134W1

Outline the relative strengths and weaknesses of using (i) individuals and (ii) selected groups of experts for making subjective probability judgements.

(800 words maximum) (60 marks)

Explain why quasi-behavioural methods may be better than mathematical aggregation methods?

(200 words maximum) (10 marks)

Describe the Nominal Group technique and explain how it improves upon the Delphi method.

(300 words maximum) (30 marks)