Post Utme Uniport 2019 General Studies Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Uniport General Studies examination.

Post Utme Uniport 2019 General Studies Objective / Multiple Choice
Question 8 POST_UTME_UNIPORT • 2019 • GENERAL STUDIES • objective

A firm is considering two investment options: Option A has a 20% chance of returning ₦100,000 and a 80% chance of returning ₦0, while Option B has a 50% chance of returning ₦50,000 and a 50% chance of returning ₦0. Which option has a higher expected return?

Answer Options

A. Option A
B. Option B
C. Option A and Option B are equally likely
Correct Answer D. Option B has a higher expected return
Correct Answer
D
Correct Option:
Option B has a higher expected return

About This Question

This is Post Utme Uniport 2019 General Studies Question 8. It is one of the objective questions from the 2019 Post Utme Uniport General Studies examination.

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