| 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?