Neco Model Questions Vol1 2023 Geography Question 13
Practice objective / multiple choice question 13 from the 2023 Neco Model Questions Vol1 Geography examination.
A coastal town experiences two independent hazards each year: a severe flood (probability \(0.12\)) and a cyclone (probability \(0.08\)). A flood causes an average loss of \(\text{₦}15\) million, a cyclone \(\text{₦}20\) million. If both occur in the same year, an extra synergistic loss equal to \(25\%\) of the sum of the two individual losses is incurred. What is the expected annual monetary loss (in millions of naira) for the town?
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About This Question
This is Neco Model Questions Vol1 2023 Geography Question 13. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Geography examination.
Difficulty level: Hard .
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