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25. Paul Hunt is considering two business ventures. The anticipated returns (in thousands of dollars) of each venture are described by the following probability distributions.

25. Paul Hunt is considering two business ventures. The anticipated returns (in thousands of dollars) of each venture are described by the following probability distributions.

Venture A

Earnings Probability

20

0.3
40 0.4
50 0.3

Venture B

Earnings Probability

5

0.3

20

0.4

40

0.3

(a) Compute the mean and variance for Venture A.

mean dollars
variance dollars2

Compute the mean and variance for Venture B.

mean dollars
variance dollars2

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