Post Utme Caleb University 2017 General Studies Question 39
Practice objective / multiple choice question 39 from the 2017 Post Utme Caleb University General Studies examination.
A company is considering investing in a new project. The project has a 20% chance of failing and a 80% chance of succeeding. If the project succeeds, it will generate a profit of ₦2,000,000. If it fails, it will result in a loss of ₦1,000,000. What is the expected value of this investment?
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About This Question
This is Post Utme Caleb University 2017 General Studies Question 39. It is one of the objective questions from the 2017 Post Utme Caleb University General Studies examination.
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