Post Utme Rhema University 2022 General Studies Question 24
Practice objective / multiple choice question 24 from the 2022 Post Utme Rhema University General Studies examination.
A company is considering investing in a new project. The project has a 10% chance of generating a profit of ₦1,000,000, a 20% chance of generating a profit of ₦500,000, and a 70% chance of generating a profit of ₦200,000. What is the expected value of the project?
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About This Question
This is Post Utme Rhema University 2022 General Studies Question 24. It is one of the objective questions from the 2022 Post Utme Rhema University General Studies examination.
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