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The following table shows the revenue and expenses of DYI Stores Ltd, a high street chain selling DYI goods. Revenue Expenses Actual profits Budgeted profits

The following table shows the revenue and expenses of DYI Stores Ltd, a high street chain selling DYI goods.

Revenue

Expenses

Actual profits

Budgeted profits

2013

316,449,668.60

313,395,191.59

3,054,477.01

3,046,000.00

2014

354,423,628.83

344,734,710.74

9,688,918.09

9561,000.00

2015

396,954,464.29

379,208,181.82

17.746,282.47

18,115,000.00

c. Based on the above table, explain the law of probability and calculate is the likelihood of your actual profits being higher than the budgeted profits.

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