Post Utme Elizade University 2018 Commerce Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2018 Commerce Objective / Multiple Choice
Question 18 POST_UTME_ELIZADE_UNIVERSITY • 2018 • COMMERCE • objective

A firm has the following probability distribution of possible outcomes: P(X=1) = 0.2, P(X=2) = 0.3, P(X=3) = 0.5. What is the expected value of X?

Answer Options

A. 1.1
Correct Answer B. 1.3
C. 1.5
D. 1.7
Correct Answer
B
Correct Option:
1.3

About This Question

This is Post Utme Elizade University 2018 Commerce Question 18. It is one of the objective questions from the 2018 Post Utme Elizade University Commerce examination.

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