Post Utme Greenfield University 2021 General Studies Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Greenfield University General Studies examination.

Post Utme Greenfield University 2021 General Studies Objective / Multiple Choice
Question 37 POST_UTME_GREENFIELD_UNIVERSITY • 2021 • GENERAL STUDIES • objective

A company is considering two different investment options: Option A, which has a 20% chance of returning ₦100,000 and a 80% chance of returning ₦0, or Option B, which has a 50% chance of returning ₦50,000 and a 50% chance of returning ₦0. Which option has a higher expected return?

Answer Options

A. Option A
B. Option B
C. Option A and Option B are equally likely to return the same amount
Correct Answer D. Option B has a higher expected return
Correct Answer
D
Correct Option:
Option B has a higher expected return

About This Question

This is Post Utme Greenfield University 2021 General Studies Question 37. It is one of the objective questions from the 2021 Post Utme Greenfield University General Studies examination.

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