Post Utme Ui 2023 Commerce Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Ui Commerce examination.

Post Utme Ui 2023 Commerce Objective / Multiple Choice

Question 33 POST_UTME_UI • 2023 • COMMERCE • objective

A company is considering two different marketing strategies. Strategy A has a probability of success of 0.6 and a probability of failure of 0.4. Strategy B has a probability of success of 0.8 and a probability of failure of 0.2. If the company wants to maximize its expected return, which strategy should it choose?

Correct Answer A. Strategy A

B. Strategy B

C. Both strategies are equally good

D. Neither strategy is good

Correct Answer

Correct Option:

Strategy A

This is Post Utme Ui 2023 Commerce Question 33. It is one of the objective questions from the 2023 Post Utme Ui Commerce examination.

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