Post Utme Rhema University 2019 General Studies Question 13
Practice objective / multiple choice question 13 from the 2019 Post Utme Rhema University General Studies examination.
A company wants to invest in a new project that has a 20% chance of success and a 80% chance of failure. If the project is successful, it will generate a profit of ₦10 million. If it fails, the company will incur a loss of ₦5 million. What is the expected value of the project?
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About This Question
This is Post Utme Rhema University 2019 General Studies Question 13. It is one of the objective questions from the 2019 Post Utme Rhema University General Studies examination.
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