Post Utme Summit University 2022 Commerce Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Summit University Commerce examination.

Post Utme Summit University 2022 Commerce Objective / Multiple Choice
Question 20 POST_UTME_SUMMIT_UNIVERSITY • 2022 • COMMERCE • objective

A business owner has a 20% chance of winning a contract worth ₦500,000. What is the expected value of the contract?

Answer Options

A. ₦100,000
B. ₦200,000
Correct Answer C. ₦400,000
D. ₦500,000
Correct Answer
C
Correct Option:
₦400,000

About This Question

This is Post Utme Summit University 2022 Commerce Question 20. It is one of the objective questions from the 2022 Post Utme Summit University Commerce examination.

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