Post Utme Lasu 2021 Commerce Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Lasu Commerce examination.

Post Utme Lasu 2021 Commerce Objective / Multiple Choice
Question 9 POST_UTME_LASU • 2021 • COMMERCE • objective

A company has a 10% chance of experiencing a loss of ₦100,000 and a 90% chance of experiencing a gain of ₦50,000. What is the expected value of the company's returns?

Answer Options

A. ₦5,000
B. ₦10,000
C. ₦15,000
Correct Answer D. ₦20,000
Correct Answer
D
Correct Option:
₦20,000

About This Question

This is Post Utme Lasu 2021 Commerce Question 9. It is one of the objective questions from the 2021 Post Utme Lasu Commerce examination.

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