General Studies · Project Management
A company is deciding between three projects A, B and C. Based on the profit probabilities, Project A has a 0.5 chance of making $5,000 and a 0.5 chance of making $2,500. Project B has a 0.3 chance of $10,000 and a 0.7 chance of $1,000. Project C has a 0.4 chance of $6,000 and a 0.6 chance of $4,000. Rank the projects in descending order of their expected profits (1 being highest, 3 being lowest).
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Project C = 1, Project A = 2, Project B = 3✓
- 2Project A = 1, Project B = 2, Project C = 3
- 3Project C = 1, Project B = 2, Project A = 3
- 4Project B = 1, Project A = 2, Project C = 3
Correct answer
Project C = 1, Project A = 2, Project B = 3
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for General Studies?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Project Management MCQs →Want more practice questions on Project Management?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in General Studies · Project Management