2. There are two projects, X and Y. the following probability distribution for the projects are

given below

PROJECT X PROJECT Y

Return Prob. Return Prob.

______ _____ ______ ____

Pessimistic 8% 0.25 7% 0.35

Most Likely 16 0.50 13 0.45

Optimistic 21 0.25 22 0.20

Which project should you take based on Risk and Return?why?

Marks 10