Post Utme Coal City University 2019 General Studies Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Coal City University General Studies examination.

Post Utme Coal City University 2019 General Studies Objective / Multiple Choice
Question 2 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • GENERAL STUDIES • objective

A company is considering two investment options: Option A, which has a 20% chance of returning ₦10,000 and a 80% chance of returning ₦0, and Option B, which has a 50% chance of returning ₦5,000 and a 50% chance of returning ₦0. Which option has a higher expected return?

Answer Options

Correct Answer A. Option A
B. Option B
C. Option A and Option B are equally likely to return the same amount
D. Neither option is likely to return a significant amount
Correct Answer
A
Correct Option:
Option A

About This Question

This is Post Utme Coal City University 2019 General Studies Question 2. It is one of the objective questions from the 2019 Post Utme Coal City University General Studies examination.

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