In a business venture, a man can make a profit of ₹ 50,000 or incur a loss of ₹ 20,000. The probabilities of making profit or incurring loss, from…
CA Foundation · Quantitative Aptitude · MTP · January 2025
In a business venture, a man can make a profit of ₹ 50,000 or incur a loss of ₹ 20,000. The probabilities of making profit or incurring loss, from the past experience, are known to be 0.75 and 0.25 respectively. What is his expected profit?
Suggested Answer and Working Notes:
Correct Answer: Option (D)
D. ₹ 32,500
Topics: Part-C: Statistics
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