In a business venture aman makes profit of1500 rupees withprobability

1.	In a business venture aman makes profit of1500 rupees withprobability 0.6 and lossof 500 rupees withprobability 0.4 then theexpected profit is
Answer» Step-by-step explanation: CORRECT OPTION is C Rs. 200/− Both CASES of profit and LOSS are independent. Expected profit will be: 2000×0.4+(−1000×0.6) 800−600=200

In a business venture aman makes profit of1500 rupees withprobability 0.6 and lossof 500 rupees withprobability 0.4 then theexpected profit is

Answer»

Step-by-step explanation:

CORRECT OPTION is

Rs. 200/−

Both CASES of profit and LOSS are independent.

Expected profit will be: 2000×0.4+(−1000×0.6)

800−600=200

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In a business venture aman makes profit of1500 rupees withprobability 0.6 and lossof 500 rupees withprobability 0.4 then theexpected profit is​

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In a business venture aman makes profit of1500 rupees withprobability 0.6 and lossof 500 rupees withprobability 0.4 then theexpected profit is