Assignment Brief: Introduction to Quantitative Methods Scenario You are about to enter the workforce as a consultant for PRT Consulting. As part of the assessment and exercise, you were given problems to answer and then later submit your answers to your team leader. Task 1 of 3 (ACs 1.1, 1.2, 2.1, 2.2, 5.1,6.1, 6.2 & 6.3) Instructions The assessment aims to gauge your numeracy and analytical skills which can be vital in your work as a consultant. You need to answer all the questions. The result of the assessment or exercise can be the basis of the management on the type of training that you will undergo before you can start as a full pledge consultant at PRT Consulting. Delivery and Submission 1x copy of your answers to all questions in the Time Constraint Assessment The following table shows the revenue and expenses of DYI Stores Ltd, a high street chain selling DYI goods. Revenue Expenses Actual profits budgeted profits 2013 316,449,668.60 313,395,191.59 3,046,000.00 2014 354,423,628.83 344,734.710.74 9,561,000.00 2015 396,954,464.29 379,208,181.82 18,115,000.00 Budgeted Revenue Budgeted Expenses 2016 a. Complete the above table b. What is the likely profit for 2016? Express your results in standard form c. Based on the above table, explain the law of probability and calculate is the likelihood of your actual profits being higher than the budgeted profits