Neco Model Questions Vol1 2021 Civic Education Question 10
Practice objective / multiple choice question 10 from the 2021 Neco Model Questions Vol1 Civic Education examination.
In a government agency, the probability that a corrupt official is detected in a given year is \(0.12\). If detected, the official faces a fine equal to \(25\%\) of their annual salary of \(4{,}800{,}000\) and a suspension of six months without pay. If not detected, the official retains an illicit gain of \(600{,}000\) per year. Assuming the government continues to pay the official's salary during suspension, calculate the expected monetary loss to the government per year due to this official's corruption.
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About This Question
This is Neco Model Questions Vol1 2021 Civic Education Question 10. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Civic Education examination.
Difficulty level: Hard .
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