y investing in a particular stock, a person can make a profit in one year of Php 2,000,000 with a probability of 0.4 or take a loss of Php 500,000 otherwise. What is this person’s expected gain

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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By investing in a particular stock, a person can make a profit in one year of Php 2,000,000 with a probability of 0.4 or take a loss of Php 500,000 otherwise. What is this person’s expected gain?
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