Post Utme Futa 2022 Commerce Question 9

Practice objective / multiple choice question 9 from the 2022 Post Utme Futa Commerce examination.

Post Utme Futa 2022 Commerce Objective / Multiple Choice
Question 9 POST_UTME_FUTA • 2022 • COMMERCE • objective

A firm has a probability distribution of the following outcomes: 20% chance of 10 units, 30% chance of 20 units, and 50% chance of 30 units. What is the expected value of the distribution?

Answer Options

A. 20
B. 22
Correct Answer C. 24
D. 26
Correct Answer
C
Correct Option:
24

About This Question

This is Post Utme Futa 2022 Commerce Question 9. It is one of the objective questions from the 2022 Post Utme Futa Commerce examination.

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