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Mining Engineering · Q3

Mine Economics

Engineering and GATE · Mining Engineering · question 3

Q3

The probability distribution of the outcome of an investment is Outcome (Rs.) 1000 700 300 Probability 0.2 0.5 0.3 The expected rate of return is

The probability distribution of the outcome of an investment is
Outcome (Rs.) 1000 700 300
Probability 0.2 0.5 0.3
The expected rate of return is
A.
540
B.
640
Answer
C.
740
D.
840

Answer: Option B

Solution

Answer: Option B
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