Post Utme Ui 2020 Commerce Question 24
Practice objective / multiple choice question 24 from the 2020 Post Utme Ui Commerce examination.
A company is considering two different types of insurance policies: a comprehensive policy that covers all types of risks, and a specific policy that only covers a specific type of risk. The comprehensive policy costs 1000 per year, while the specific policy costs 500 per year. If the company has a 10% chance of incurring a loss of 1000, and a 20% chance of incurring a loss of 2000, how much will it save by choosing the specific policy over the comprehensive policy?
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About This Question
This is Post Utme Ui 2020 Commerce Question 24. It is one of the objective questions from the 2020 Post Utme Ui Commerce examination.
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