IIFT 2020 Quants | Value of X | 2IIM CAT Preparation Online
This beautiful quants question from probability appeared in the IIFT 2020 question paper. Try this one by yourself before taking a look at how Rajesh approaches the solution.
The probabilities of three mutually exclusive outcomes of an
Experiment 0.25(1−𝑥), 0.5(1−2𝑥), and 0.25(1+4𝑥) respectively.
Which of the following holds for the value of x?
A. −0.5 ≤ 𝑥 ≤0.5
B. 0 ≤ 𝑥 ≤ 0.5
C. −0.75 ≤ 𝑥 ≤ 0.25
D. −0.25 ≤ 𝑥 ≤ 0.5
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