Post Utme Mountain Top University 2018 Commerce Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2018 Commerce Objective / Multiple Choice
Question 29 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • COMMERCE • objective

A company's risk manager must determine the probability of a product recall. If the probability of a product failure is 0.05, and the probability of a product recall is 0.01, what is the probability of a product recall given a product failure?

Answer Options

A. 0.05
B. 0.1
C. 0.15
Correct Answer D. 0.2
Correct Answer
D
Correct Option:
0.2

About This Question

This is Post Utme Mountain Top University 2018 Commerce Question 29. It is one of the objective questions from the 2018 Post Utme Mountain Top University Commerce examination.

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