Post Utme Babcock University 2020 Commerce Question 1
Practice objective / multiple choice question 1 from the 2020 Post Utme Babcock University Commerce examination.
An insurance company offers a policy with a premium of ₦10,000 per annum. The policy covers a maximum of ₦5 million in case of a loss. If the probability of a loss occurring is 0.05, what is the expected value of the policy?
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About This Question
This is Post Utme Babcock University 2020 Commerce Question 1. It is one of the objective questions from the 2020 Post Utme Babcock University Commerce examination.
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