Post Utme Bowen University 2018 Commerce Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2018 Commerce Objective / Multiple Choice
Question 34 POST_UTME_BOWEN_UNIVERSITY • 2018 • COMMERCE • objective

A company has a 10% chance of winning a contract worth ₦100,000. If the company wins the contract, it will earn a profit of ₦20,000. What is the expected value of the contract?

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Bowen University 2018 Commerce Question 34. It is one of the objective questions from the 2018 Post Utme Bowen University Commerce examination.

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