Neco Model Questions Vol1 2019 Geography Question 21
Practice objective / multiple choice question 21 from the 2019 Neco Model Questions Vol1 Geography examination.
Hazard A occurs (4) times per year with an average damage of \(\text{₦}250{,}000\) per incident. A mitigation measure reduces its frequency by (30\%\) and costs \(\text{₦}150{,}000\) per year. Hazard B occurs (2) times per year with an average damage of \(\text{₦}500{,}000\) per incident. A different mitigation reduces the damage per incident by (20\%\) (damage becomes (80\%\) of original) and costs \(\text{₦}200{,}000\) per year. Assuming the only benefit of each mitigation is the reduction in expected annual loss, which mitigation provides the greater net benefit (reduction in expected loss minus its annual cost)?
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About This Question
This is Neco Model Questions Vol1 2019 Geography Question 21. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Geography examination.
Difficulty level: Hard .
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