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The probability of winning of a person is 6/11 and at a result he gets rs77?
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The probability of winning of a person is 6/11 and at a result he gets...
Probability of Winning and Winning Amount
The probability of winning for a person is given as 6/11. This means that out of 11 attempts, the person is expected to win in 6 of them.
Calculation of Winnings
If the person wins, he gets Rs. 77. To calculate the expected value of his winnings, we multiply the probability of winning by the amount won:
Expected Value = Probability of Winning x Amount Won
Expected Value = 6/11 x Rs. 77
Expected Value = Rs. 42
Interpretation of Expected Value
The expected value of Rs. 42 means that on average, the person can expect to win Rs. 42 in each attempt. This is calculated based on the probability of winning and the amount won.
Conclusion
Therefore, based on the probability of winning being 6/11 and the amount won being Rs. 77, the person can expect to win Rs. 42 on average in each attempt.
The probability of winning for a person is given as 6/11. This means that out of 11 attempts, the person is expected to win in 6 of them.
Calculation of Winnings
If the person wins, he gets Rs. 77. To calculate the expected value of his winnings, we multiply the probability of winning by the amount won:
Expected Value = Probability of Winning x Amount Won
Expected Value = 6/11 x Rs. 77
Expected Value = Rs. 42
Interpretation of Expected Value
The expected value of Rs. 42 means that on average, the person can expect to win Rs. 42 in each attempt. This is calculated based on the probability of winning and the amount won.
Conclusion
Therefore, based on the probability of winning being 6/11 and the amount won being Rs. 77, the person can expect to win Rs. 42 on average in each attempt.
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The probability of winning of a person is 6/11 and at a result he gets rs77?
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The probability of winning of a person is 6/11 and at a result he gets rs77? 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 rs77? 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 rs77?.
The probability of winning of a person is 6/11 and at a result he gets rs77? 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 rs77? 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 rs77?.
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