ProbabilityPYQ Jun 23Question 2841 of 240
All Questions

On a commodity exchange when booking trades with provision for stop-losses, a trader can make a profit of $\text{Rs } 20,000$ or incur a loss of $\text{Rs } 20,000$. The probabilities of making profit and incurring loss, from the past experience, are known to be $0.75$ and $0.25$ respectively. The expected profit to be made by trader should be

Options

A$\text{Rs } 32,500$
B$\text{Rs } 35,000$
C$\text{Rs } 30,000$
D$\text{Rs } 40,000$
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option a$\text{Rs } 32,500$

All Options:

  • A$\text{Rs } 32,500$
  • B$\text{Rs } 35,000$
  • C$\text{Rs } 30,000$
  • D$\text{Rs } 40,000$

About This Chapter: Probability

Paper

Paper 3: Quantitative Aptitude

Weightage

5-7 Marks

Key Topics

Probability Operations, Expected Value

A logic-heavy chapter dealing with random experiments, events (mutually exclusive, exhaustive), set theory probability, conditional probability, and Bayes' Theorem. It forms the basis for Theoretical Distributions.

View Official ICAI Syllabus

Exam Strategy Tip

Always draw a quick Venn Diagram or tree when faced with 'At least one' or 'Only A but not B' wording. It saves you from double-counting.

More Questions from Probability

Ready to Master Probability?

Practice all 240 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free