Post Utme Osustech 2023 Commerce Question 12
Practice objective / multiple choice question 12 from the 2023 Post Utme Osustech Commerce examination.
A firm is considering two investment projects. Project A has a 10% chance of generating a profit of ₦100,000 and a 90% chance of generating a profit of ₦50,000. Project B has a 20% chance of generating a profit of ₦150,000 and an 80% chance of generating a profit of ₦20,000. Which project has a higher expected profit?
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About This Question
This is Post Utme Osustech 2023 Commerce Question 12. It is one of the objective questions from the 2023 Post Utme Osustech Commerce examination.
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