Post Utme Aaua 2022 Commerce Question 8
Practice objective / multiple choice question 8 from the 2022 Post Utme Aaua Commerce examination.
A life insurance policy has a premium of ₦5000 per year, and a death benefit of ₦200000. If the probability of death within the next year is 0.05, what is the expected value of the policy?
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About This Question
This is Post Utme Aaua 2022 Commerce Question 8. It is one of the objective questions from the 2022 Post Utme Aaua Commerce examination.
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