Post Utme Bsu 2024 Commerce Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Bsu Commerce examination.

Post Utme Bsu 2024 Commerce Objective / Multiple Choice
Question 19 POST_UTME_BSU • 2024 • COMMERCE • objective

A firm purchases a 10,000 insurance policy to cover against loss of goods in transit. If the probability of loss is 0.05, what is the expected value of the insurance policy?

Answer Options

A. 500
Correct Answer B. 5000
C. 50,000
D. 100,000
Correct Answer
B
Correct Option:
5000

About This Question

This is Post Utme Bsu 2024 Commerce Question 19. It is one of the objective questions from the 2024 Post Utme Bsu Commerce examination.

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