Post Utme Futa 2019 General Studies Question 7

Practice objective / multiple choice question 7 from the 2019 Post Utme Futa General Studies examination.

Post Utme Futa 2019 General Studies Objective / Multiple Choice
Question 7 POST_UTME_FUTA • 2019 • GENERAL STUDIES • objective

A company is considering two different investment opportunities. Opportunity A has a 20% chance of returning 10,000 and a 80% chance of returning 0. Opportunity B has a 50% chance of returning 5,000 and a 50% chance of returning 0. Which opportunity has a higher expected return?

Answer Options

A. Opportunity A
Correct Answer B. Opportunity B
C. Both opportunities have the same expected return
D. Neither opportunity has a higher expected return
Correct Answer
B
Correct Option:
Opportunity B

About This Question

This is Post Utme Futa 2019 General Studies Question 7. It is one of the objective questions from the 2019 Post Utme Futa General Studies examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support