By investing in a particular stock, a businessman can make a profit in 1 year of P200,000 with the probability of 0.4 or take a loss of P50,000 with probability of 0.60. What is the businessman's expected gain?
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By investing in a particular stock, a person can make a profit in one year of 4000 with probability 0.3 or take a loss of 1000 with probability 0.7. What is this person’s expected gain?
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this not the same question but it can help you this is a example like the same question same formula has been used in it..
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