Question

You are part of a show where you have to answer 2 questions. If you answer the first correctly you get Rs 1 lakh and move to the second question. If you don’t, you leave. On hearing the second question, you can quit or continue. Figures tell you that 40% of the people quit at this stage. If you get the second correct you get an additional Rs 5 lakhs. The probability of you knowing the correct answer to a question is 0.3. If you give a wrong answer, you get 60% of what you had earned and leave. You may take help once. You pick one of two chits randomly (One of the chits has the correct answer). The only time you give a wrong answer is when you picked the wrong chit. You don’t guess. What is your expected gain and variance?

Expected gain= ______(Hint: Write your answers at least up to 2 decimal points)

1 point

Variance = _________(Hint: Write your answers at least up to 2 decimal points)


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Answer 1

Answer:

I have no answer sorry please do not know,sorry