Post Utme Summit University 2020 General Studies Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Summit University General Studies examination.

Post Utme Summit University 2020 General Studies Objective / Multiple Choice
Question 4 POST_UTME_SUMMIT_UNIVERSITY • 2020 • GENERAL STUDIES • objective

A company is considering two different investment options. Option A has a 10% chance of returning 100% profit and a 90% chance of returning 0% profit. Option B has a 20% chance of returning 50% profit and an 80% chance of returning 0% profit. Which option has a higher expected return?

Answer Options

Correct Answer A. Option A
B. Option B
C. Option C
D. Option D
Correct Answer
A
Correct Option:
Option A

About This Question

This is Post Utme Summit University 2020 General Studies Question 4. It is one of the objective questions from the 2020 Post Utme Summit University General Studies examination.

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