Post Utme Summit University 2019 Commerce Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Summit University Commerce examination.

Post Utme Summit University 2019 Commerce Objective / Multiple Choice
Question 39 POST_UTME_SUMMIT_UNIVERSITY • 2019 • COMMERCE • objective

A life insurance policy has a premium of ₦50,000 per annum and a benefit of ₦1,000,000. If the probability of death is 0.05, what is the expected value of the policy?

Answer Options

Correct Answer A. ₦45,000
B. ₦50,000
C. ₦55,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦45,000

About This Question

This is Post Utme Summit University 2019 Commerce Question 39. It is one of the objective questions from the 2019 Post Utme Summit University Commerce examination.

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