An initial investment of ₹4,000 was required. There's a 30% chance of winning a cash prize of ₹25,000. If you win, you get the cash prize as well as your initial investment. If you lose, you'll get nothing.
Expected Value
What is the expected profit/loss on average from society's lottery?
+4700
+4400
+5000
None of the above
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Answer:
DON'T KNOW.
Step-by-step explanation:
HOPE IT HELPS.
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