Question

In a business venture a
man makes profit of
1500 rupees with
probability 0.6 and loss
of 500 rupees with
probability 0.4 then the
expected profit is​

Answer 1

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