Post Utme Christopher University 2020 General Studies Question 25
Practice objective / multiple choice question 25 from the 2020 Post Utme Christopher University General Studies examination.
A company is considering investing in a new project. The project has a 10% chance of failure and a 20% chance of success. If the project is successful, it will generate a profit of ₦100,000. If the project fails, it will result in a loss of ₦50,000. What is the expected value of the project?
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About This Question
This is Post Utme Christopher University 2020 General Studies Question 25. It is one of the objective questions from the 2020 Post Utme Christopher University General Studies examination.
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