Post Utme Wellspring University 2020 Commerce Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2020 Commerce Objective / Multiple Choice
Question 29 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • COMMERCE • objective

A firm is considering two investment opportunities, A and B. Opportunity A has a 10% chance of generating ₦1,000,000 and a 90% chance of generating ₦0. What is the expected value of Opportunity A?

Answer Options

Correct Answer A. ₦100,000
B. ₦0
C. ₦90,000
D. ₦10,000
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Wellspring University 2020 Commerce Question 29. It is one of the objective questions from the 2020 Post Utme Wellspring University Commerce examination.

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