Post Utme Aaua 2023 Commerce Question 4
Practice objective / multiple choice question 4 from the 2023 Post Utme Aaua Commerce examination.
A life insurance policy pays ₦1 million to the beneficiary if the policyholder dies within the next 5 years. The probability of the policyholder dying within the next 5 years is 0.05. What is the expected value of the insurance policy?
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About This Question
This is Post Utme Aaua 2023 Commerce Question 4. It is one of the objective questions from the 2023 Post Utme Aaua Commerce examination.
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