Post Utme Al Hikmah University 2021 General Studies Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Al Hikmah University General Studies examination.

Post Utme Al Hikmah University 2021 General Studies Objective / Multiple Choice
Question 3 POST_UTME_AL-HIKMAH_UNIVERSITY • 2021 • GENERAL STUDIES • objective

A company is considering investing in a new project. The project has a 20% chance of generating a profit of ₦100,000 and a 80% chance of generating a profit of ₦50,000. What is the expected value of the project?

Answer Options

A. ₦60,000
B. ₦70,000
Correct Answer C. ₦80,000
D. ₦90,000
Correct Answer
C
Correct Option:
₦80,000

About This Question

This is Post Utme Al Hikmah University 2021 General Studies Question 3. It is one of the objective questions from the 2021 Post Utme Al Hikmah University General Studies examination.

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