Post Utme Noun 2024 Commerce Question 24
Practice objective / multiple choice question 24 from the 2024 Post Utme Noun Commerce examination.
A firm has a probability distribution of its profits as follows: P(Profit = ₦100,000) = 0.2, P(Profit = ₦200,000) = 0.3, P(Profit = ₦300,000) = 0.5. What is the expected value of the firm's profits?
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About This Question
This is Post Utme Noun 2024 Commerce Question 24. It is one of the objective questions from the 2024 Post Utme Noun Commerce examination.
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