Post Utme Wellspring University 2019 Commerce Question 9

Practice objective / multiple choice question 9 from the 2019 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2019 Commerce Objective / Multiple Choice
Question 9 POST_UTME_WELLSPRING_UNIVERSITY • 2019 • COMMERCE • objective

A firm has a 10% chance of losing ₦10 million and a 90% chance of gaining ₦20 million. What is the expected value of the firm's investment?

Answer Options

A. ₦1 million
Correct Answer B. ₦2 million
C. ₦10 million
D. ₦20 million
Correct Answer
B
Correct Option:
₦2 million

About This Question

This is Post Utme Wellspring University 2019 Commerce Question 9. It is one of the objective questions from the 2019 Post Utme Wellspring University Commerce examination.

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