Post Utme Noun 2025 Commerce Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Noun Commerce examination.

Post Utme Noun 2025 Commerce Objective / Multiple Choice
Question 10 POST_UTME_NOUN • 2025 • COMMERCE • objective

A firm's insurance premium is ₦50,000 per annum. If the probability of a loss occurring is 0.05, then the expected loss is

Answer Options

A. ₦2,500
B. ₦2,750
Correct Answer C. ₦3,000
D. ₦3,250
Correct Answer
C
Correct Option:
₦3,000

About This Question

This is Post Utme Noun 2025 Commerce Question 10. It is one of the objective questions from the 2025 Post Utme Noun Commerce examination.

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