Post Utme Bowen University 2024 Commerce Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2024 Commerce Objective / Multiple Choice
Question 28 POST_UTME_BOWEN_UNIVERSITY • 2024 • COMMERCE • objective

A company has a 10% chance of losing 100,000 and a 90% chance of losing 50,000. What is the expected value of the company's losses?

Answer Options

A. 45,000
Correct Answer B. 50,000
C. 55,000
D. 60,000
Correct Answer
B
Correct Option:
50,000

About This Question

This is Post Utme Bowen University 2024 Commerce Question 28. It is one of the objective questions from the 2024 Post Utme Bowen University Commerce examination.

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