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Can anybody help me with this question, please?
There is a 60% chance that a company will make a profit of $300,000 next year and a 40% chance of making a lossof $400,000.
What is the expected profit or loss for next year?A
$120,000 Loss
B
$20,000 Loss
C
$20,000 Profit
D
$120,000 ProfitI do not know where you found this question – are you using an old book?
This was removed from the syllabus for F2 several years ago and now cannot be asked until Paper F5.
If you still want me to give you the answer then post again 🙂
Oh.. yeah.. I got from some old paper I found online.. I thought I missed some in the online classes.. No, I definitely don’t want the answer for now.. have enough on my head lol.
Thank you anyway!
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