Post Utme Wellspring University 2022 General Studies Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Wellspring University General Studies examination.

Post Utme Wellspring University 2022 General Studies Objective / Multiple Choice
Question 27 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • GENERAL STUDIES • objective

A company is considering investing in a new project. The project has a 20% chance of generating a profit of ₦10 million and a 80% chance of generating a loss of ₦5 million. What is the expected value of the project?

Answer Options

A. ₦1.5 million
Correct Answer B. ₦2 million
C. ₦2.5 million
D. ₦3 million
Correct Answer
B
Correct Option:
₦2 million

About This Question

This is Post Utme Wellspring University 2022 General Studies Question 27. It is one of the objective questions from the 2022 Post Utme Wellspring University General Studies examination.

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