A trader can make a profit of $50 with probability 0.3 or a profit of $70 with a probability 0.5 or incur a loss of $40

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

A trader can make a profit of $50 with probability 0.3 or a profit of $70 with a probability 0.5 or incur a loss of $40

Post by answerhappygod »

A trader can make a profit of $50 with probability 0.3 or a
profit of $70 with a probability 0.5 or incur a loss of $40 with
probability 0.2. What is the expected gain?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”