Quantitative Methods Q200

200Discrete uniform probability distribution of net profits for a currency option on EURO (€) is as follows:

Net Profit (€)	Probability
Net profit of 0	0.25
Net profit of 2 or less	0.50
Net profit of 4 or less	0.75
Net profit of 6 or less	1.00

The probability of a net profit greater than €2 and less than or equal to €6 is closest to:

Option : C
Explanation : P(X ≤ 6) = 1.0 and P(X ≤ 2) = 0.50. Therefore, P (2 ≤ X ≤ 6) = 1.0 – 0.50 = 0.50.

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