Post Utme Ims U 2019 Commerce Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Ims U Commerce examination.

Post Utme Ims U 2019 Commerce Objective / Multiple Choice

Question 15 POST_UTME_IMS_U • 2019 • COMMERCE • objective

A firm is considering two investment projects. Project A has a 10% chance of generating a profit of ₦100,000 and a 90% chance of generating a profit of ₦50,000. Project B has a 20% chance of generating a profit of ₦150,000 and an 80% chance of generating a profit of ₦20,000. Which project has a higher expected profit?

Correct Answer A. Project A

B. Project B

C. Both projects have the same expected profit

D. Neither project has a higher expected profit

Correct Answer

Correct Option:

Project A

This is Post Utme Ims U 2019 Commerce Question 15. It is one of the objective questions from the 2019 Post Utme Ims U Commerce examination.

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