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MHT CET202121 Sep 2021Evening ShiftMathematicsProbabilityActual

A bakerman sells 5 types of cakes. Profit due to sale of each type of cake is respectively Rs 2 , Rs 2.5 , Rs 3, Rs 1.5 and Rs 1 . The demands for these cakes are 20 %, 5 %, 10 % and 15 % respectively, then the expected profit per cake is

Options

  1. ARs 1.725
  2. BRs 0.01725
  3. CRs 0.1725
  4. DRs 17.25

Correct answer

A. Rs 1.725

Step-by-step solution

aligned & Expected value = p _ i x _ i & =(2) ( 20 100 )+(2.5) ( 5 100 )+(3) ( 10 100 )+(1.5) ( 50 100 )+(1) ( 15 100 ) & =0.4+0.125+0.3+0.75+0.15=1.725 aligned

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