Post Utme Noun 2021 Commerce Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Noun Commerce examination.

Post Utme Noun 2021 Commerce Objective / Multiple Choice
Question 40 POST_UTME_NOUN • 2021 • COMMERCE • objective

A company has a probability distribution of returns given by ( P(X = 1) = 0.2 ), ( P(X = 2) = 0.3 ), and ( P(X = 3) = 0.5 ). What is the expected value of the distribution?

Answer Options

A. 1.5
Correct Answer B. 2.0
C. 2.5
D. 3.0
Correct Answer
B
Correct Option:
2.0

About This Question

This is Post Utme Noun 2021 Commerce Question 40. It is one of the objective questions from the 2021 Post Utme Noun Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support