CA Foundation Exam  >  CA Foundation Questions  >  The probability of winning of a person is 6/1... Start Learning for Free
The probability of winning of a person is 6/11 and at a result he gets Rs.77/-. The expectation of this person is 
  • a)
    Rs.35/-
  • b)
    Rs.42/-
  • c)
    Rs.58/-
  • d)
    None
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
The probability of winning of a person is 6/11 and at a result he gets...
To calculate the expectation, we need to multiply the probability of winning by the amount won and subtract the probability of losing multiplied by the amount lost.

Given:
Probability of winning = 6/11
Amount won = Rs. 77/-
Amount lost = Rs. 0/- (since we only consider the amount won)

Let's calculate the expectation:

Step 1: Calculate the probability of losing
The probability of losing is 1 minus the probability of winning.
Probability of losing = 1 - 6/11 = 5/11

Step 2: Calculate the expectation
Expectation = (Probability of winning * Amount won) - (Probability of losing * Amount lost)
Expectation = (6/11 * Rs. 77/-) - (5/11 * Rs. 0/-)
Expectation = Rs. 42/-

Therefore, the expectation of this person is Rs. 42/-.

Explanation:
The concept of expectation is used to determine the average outcome of an event based on the probabilities and outcomes associated with it. In this case, the person has a probability of winning of 6/11, which means that out of 11 trials, the person is expected to win 6 times. The amount won in each trial is Rs. 77/-. On the other hand, the probability of losing is 5/11, which means that out of 11 trials, the person is expected to lose 5 times. Since there is no amount lost in this scenario, we consider the amount won as the only outcome.

To calculate the expectation, we multiply the probability of winning by the amount won and subtract the probability of losing multiplied by the amount lost. In this case, the expectation is calculated as (6/11 * Rs. 77/-) - (5/11 * Rs. 0/-), which simplifies to Rs. 42/-.

Therefore, the expectation of this person is Rs. 42/-. This means that on average, the person can expect to win Rs. 42/- per trial.
Explore Courses for CA Foundation exam
The probability of winning of a person is 6/11 and at a result he gets Rs.77/-. The expectation of this person isa)Rs.35/-b)Rs.42/-c)Rs.58/-d)NoneCorrect answer is option 'B'. Can you explain this answer?
Question Description
The probability of winning of a person is 6/11 and at a result he gets Rs.77/-. The expectation of this person isa)Rs.35/-b)Rs.42/-c)Rs.58/-d)NoneCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The probability of winning of a person is 6/11 and at a result he gets Rs.77/-. The expectation of this person isa)Rs.35/-b)Rs.42/-c)Rs.58/-d)NoneCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The probability of winning of a person is 6/11 and at a result he gets Rs.77/-. The expectation of this person isa)Rs.35/-b)Rs.42/-c)Rs.58/-d)NoneCorrect answer is option 'B'. Can you explain this answer?.
Solutions for The probability of winning of a person is 6/11 and at a result he gets Rs.77/-. The expectation of this person isa)Rs.35/-b)Rs.42/-c)Rs.58/-d)NoneCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of The probability of winning of a person is 6/11 and at a result he gets Rs.77/-. The expectation of this person isa)Rs.35/-b)Rs.42/-c)Rs.58/-d)NoneCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The probability of winning of a person is 6/11 and at a result he gets Rs.77/-. The expectation of this person isa)Rs.35/-b)Rs.42/-c)Rs.58/-d)NoneCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for The probability of winning of a person is 6/11 and at a result he gets Rs.77/-. The expectation of this person isa)Rs.35/-b)Rs.42/-c)Rs.58/-d)NoneCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of The probability of winning of a person is 6/11 and at a result he gets Rs.77/-. The expectation of this person isa)Rs.35/-b)Rs.42/-c)Rs.58/-d)NoneCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The probability of winning of a person is 6/11 and at a result he gets Rs.77/-. The expectation of this person isa)Rs.35/-b)Rs.42/-c)Rs.58/-d)NoneCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev