An investor invests in a security with an 80% chance of earning Php60,000 and a 20% chance of losing the investment worth Php500,000. What is the expected profit?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter6: Ratio, Proportion, And Probability
Section6.7: Probability And Odds
Problem 1C
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2. An investor invests in a security with an 80% chance of earning Php60,000 and a 20% chance of losing
the investment worth Php500,000. What is the expected profit?
Transcribed Image Text:2. An investor invests in a security with an 80% chance of earning Php60,000 and a 20% chance of losing the investment worth Php500,000. What is the expected profit?
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