In a given business venture a man can make a profit of Rs 300 with probabiltiy 0.6 incur a loss of Rs 100 with probability 0.4 calcualte his expectation

In a business venture a man can make a profit of Rs. 2000/- with probability of 0.4 or have loss of Rs. 1000/- with probability 0.6. His expected profit is

A business man gets a profit of Rs. 2800 with probability 0.5, loss of Rs. 5000 with probability 0.3. and neither profit nor loss with probability 0.2. Find mean of his income.

Q10 A business evaluates a proposed venture as follows.It stands to make a profit of Rs.10,000 with probability 3/20, to make profit of Rs.5,000 with probability 9/20, to break even with probability 1/4 and to lose Rs.5,000 with probability 3/20. The expected profi in Rs.is A ,500 B.0 C.,500 D 3,000

For a dealer in a consignment of umbrellas , the probabilty of getting a profit of Rs. 1500 is 0.6, the probability of getting a loss of Rs. 1000 is 0.3 and the probability of getting no profit or no loss is 0.1. The mean profit of the dealer is

Let X denote the profit of a business man. The probability of getting profit Rs. 3000 is 0.6. The probability of getting loss Rs 4000 is 0.3. The probability of getting neither profit nor loss is 0.1 . The mean and variance of X are

Let X denote the profit of a business man. The probability of getting profit Rs. 3000 is 0.6. The probability of getting loss Rs 4000 is 0.3. The probability of getting neither profit nor loss is 0.1 . The mean and variance of X are

A man sells two articles each at Rs.198. He makes a profit of 10% on one article and a loss of 11% on the other.Net profit or loss of the person