Post Utme Bsu 2018 General Studies Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Bsu General Studies examination.

Post Utme Bsu 2018 General Studies Objective / Multiple Choice
Question 4 POST_UTME_BSU • 2018 • GENERAL STUDIES • objective

A company is considering two investment projects. Project A has a 10% chance of returning a profit of ₦100,000 and a 90% chance of returning a profit of ₦50,000. Project B has a 20% chance of returning a profit of ₦150,000 and an 80% chance of returning a profit of ₦20,000. Which project has the higher expected return?

Answer Options

Correct Answer A. Project A
B. Project B
C. Both projects have the same expected return
D. Neither project has a higher expected return
Correct Answer
A
Correct Option:
Project A

About This Question

This is Post Utme Bsu 2018 General Studies Question 4. It is one of the objective questions from the 2018 Post Utme Bsu General Studies examination.

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