Post Utme Summit University 2024 Commerce Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Summit University Commerce examination.

Post Utme Summit University 2024 Commerce Objective / Multiple Choice
Question 4 POST_UTME_SUMMIT_UNIVERSITY • 2024 • COMMERCE • objective

A firm has the following probability distribution for its output: P(X=10) = 0.2, P(X=20) = 0.5, P(X=30) = 0.3. What is the expected value of the firm's output?

Answer Options

A. 15
Correct Answer B. 20
C. 25
D. 30
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Summit University 2024 Commerce Question 4. It is one of the objective questions from the 2024 Post Utme Summit University Commerce examination.

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