Which TWO of the following statements are correct?

The possible returns and associated probabilities of two independent projects are as follows:

It has been decided that both projects are to be launched.

Which TWO of the following statements are correct? (Choose two.)
A . The expected value of the total return is $41,500 gain.
B . The probability of the total return being a loss is 0.10.
C . The probability of making a total return of exactly $5,000 gain is 0.02.
D . The probability of the total return being a gain is less than 1.00.
E . The expected value of the total return is $40,000 gain.

View Answer

Answer: B,D