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

Answer:

Profit, in accounting, is an income distributed to the owner in a profitable market production process. Profit is a measure of profitability which is the owner's major interest in the income-formation process of market production. There are several profit measures in common use.

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