Post Utme Crawford University 2023 Commerce Question 20
Practice objective / multiple choice question 20 from the 2023 Post Utme Crawford University Commerce examination.
A firm is considering a new business venture that involves investing in a new technology. The technology has a 30% chance of being successful, and if it is successful, it will generate a revenue of ₦200 million. However, if it fails, it will result in a loss of ₦100 million. What is the expected value of the business venture?
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About This Question
This is Post Utme Crawford University 2023 Commerce Question 20. It is one of the objective questions from the 2023 Post Utme Crawford University Commerce examination.
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