Post Utme Osustech 2023 Commerce Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Osustech Commerce examination.

Post Utme Osustech 2023 Commerce Objective / Multiple Choice
Question 29 POST_UTME_OSUSTECH • 2023 • COMMERCE • objective

A firm is considering two different marketing strategies: Strategy A and Strategy B. Strategy A has a probability of success of 0.6 and a probability of failure of 0.4. Strategy B has a probability of success of 0.7 and a probability of failure of 0.3. If the firm chooses Strategy A, what is the probability that it will fail?

Answer Options

Correct Answer A. 0.4
B. 0.5
C. 0.6
D. 0.7
Correct Answer
A
Correct Option:
0.4

About This Question

This is Post Utme Osustech 2023 Commerce Question 29. It is one of the objective questions from the 2023 Post Utme Osustech Commerce examination.

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