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CA Foundation doubt

Assume the probability for rain on a day is 0.4 an umbrella salesman can earn Rs.400per day in case of rain on that day and will loss Rs 100 per day if there is no rain the expected earning per day of

Asked by Kriti3 Jan 2024812 views

4 answers

  1. Kharva · 3 Jan 2024

    100

  2. Lavanya · 3 Jan 2024

    100

  3. Alagu · 3 Jan 2024

    0.4×400+0.6×(-100) = 100

  4. Mahek · 3 Jan 2024

    Expected earning will be 100

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