Tag | Value |
---|---|
file | Probability_uva-expected-value-1092-en_uva-expected-value-1092-en |
name | uva-expected-value-1092-en |
section | Probability/Elementary Probability/Random variables/Expected value |
type | schoice |
solution | FALSE, TRUE, FALSE, FALSE |
Type | Conceptual |
Language | English |
Level | Statistical Literacy |
IRT-Difficulty | 1.512 |
p-value | 0.8597 |
You have 1,000 euros and a plan to invest your money. In the following table you will find the possible net profits in a year and the probability of these profits.â Plan
————- ——- Net profits Chance € 5000 0,001 € 1000 0,005 € 0 0,994 ————- ——-
What is the expected return after one year if you choose this plan?