The correct option is A p=12
Since, 1+4pp,1−p4,1−2p2 are the probabilities of 3 mutually exclusive events, therefore
0≤1+4pp≤1,0≤1−p4≤1,0≤1−2p2≤1,and, 0≤1+4pp+1−p4+1−2p2≤1,⇒−14≤p≤34,−1≤p≤1,−12≤p≤12and 12≤p≤52⇒max{−14,−1,−12,12}≤p≤min{34,1,12,52}⇒12≤p≤12⇒p=12