Waec Model Questions Vol1 2019 Civic Education Question 18
Practice objective / multiple choice question 18 from the 2019 Waec Model Questions Vol1 Civic Education examination.
An official can obtain illicit income in two ways. (i) Accept a direct bribe of ₦500,000. If caught, the penalty is five times the bribe plus a fixed fine of ₦200,000. The probability of being caught is p. (ii) Request a facilitation fee equal to 10 % of a contract worth ₦2,000,000, i.e., ₦200,000. The probability of detection for this scheme is half that of the bribe scheme (p/2), and the same penalty structure applies. For what maximum value of p will the expected monetary gain from the bribe scheme be greater than that from the facilitation‑fee scheme? Express p as a percentage rounded to one decimal place.
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About This Question
This is Waec Model Questions Vol1 2019 Civic Education Question 18. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Civic Education examination.
Difficulty level: Hard .
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