Post Utme Aaua 2018 Commerce Question 21
Practice objective / multiple choice question 21 from the 2018 Post Utme Aaua Commerce examination.
In a compound insurance policy, the probability of a claim occurring is 0.05. If the insurance company pays out an average of ₦100,000 per claim, what is the expected value of the claims paid out in a year?
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About This Question
This is Post Utme Aaua 2018 Commerce Question 21. It is one of the objective questions from the 2018 Post Utme Aaua Commerce examination.
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