Post Utme Bsu 2017 Commerce Question 8
Practice objective / multiple choice question 8 from the 2017 Post Utme Bsu Commerce examination.
A life insurance policy pays a benefit of ₦1 million if the policyholder dies within the first year of the policy. The premium for the policy is ₦50,000 per year. If the probability of death within the first year is 0.05, what is the expected value of the policy?
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About This Question
This is Post Utme Bsu 2017 Commerce Question 8. It is one of the objective questions from the 2017 Post Utme Bsu Commerce examination.
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