Post Utme Ui 2020 Commerce Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Ui Commerce examination.

Post Utme Ui 2020 Commerce Objective / Multiple Choice
Question 33 POST_UTME_UI • 2020 • COMMERCE • objective

A firm is considering two investment projects. Project A has a 10% chance of earning ₦100,000 and a 90% chance of earning ₦0. Project B has a 20% chance of earning ₦50,000 and an 80% chance of earning ₦0. Which project has a higher expected return?

Answer Options

Correct Answer A. Project A
B. Project B
C. Both projects have the same expected return
D. Neither project has a higher expected return
Correct Answer
A
Correct Option:
Project A

About This Question

This is Post Utme Ui 2020 Commerce Question 33. It is one of the objective questions from the 2020 Post Utme Ui Commerce examination.

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