Post Utme Eksu 2019 Commerce Question 2
Practice objective / multiple choice question 2 from the 2019 Post Utme Eksu Commerce examination.
A life insurance policy has a premium of ₦150,000 per annum. The policy pays a benefit of ₦5 million if the policyholder dies within the first 5 years of the policy. What is the probability that the policyholder will die within the first 5 years of the policy?
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About This Question
This is Post Utme Eksu 2019 Commerce Question 2. It is one of the objective questions from the 2019 Post Utme Eksu Commerce examination.
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