CIMA Exam CIMAPRA17-BA2-1 Topic 1 Question 37 Discussion

Actual exam question for CIMA's CIMAPRA17-BA2-1 exam

Question #: 37
Topic #: 1

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.)

AThe expected value of the total return is $41,500 gain.

BThe probability of the total return being a loss is 0.10.

CThe probability of making a total return of exactly $5,000 gain is 0.02.

DThe probability of the total return being a gain is less than 1.00.

EThe expected value of the total return is $40,000 gain.

Show Suggested Answer

Suggested Answer: B, D

by Helene at Jun 26, 2022, 11:18 AM

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