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MHT CET · Maths · Probability

A service station manager sells gas at an average of ₹ 100 per hour on a rainy day, ₹ 150 per hour on a dubious day, ₹ 250 per hour on a fair day and ₹ 300 on a clear sky. If weather bureau statistics show the probabilities of weather as follows, then his mathematical expectation is

  1. A 257.5
  2. B 252.5
  3. C 250
  4. D 247.5
Verified Solution

Answer & Solution

Correct Answer

(B) 252.5

Step-by-step Solution

Detailed explanation

Mathematical expectation
\(\begin{aligned}
& =3.00(0.50)+250(0.30)+150(0.15) \\
& =150+75+22.5+5 \\
& =252.5
\end{aligned}\)