A firm has decided to invest in one of two land:

Land A: Management has estimated that the land can be sold in 5 years for the following possible prices Price Probability

10000 .20

15000 .30

20000 .40

25000 .10

Land B: Management has estimated that the land B can be sold in 5 years for the following possible prices

Price Probability

8000 .20

13667 .30

22000 .40

25000 .10

Which the following statements is not correct?

a. Expected selling price for both land A and land B is 17,000

b. The standard deviation of the possible sales prices for land A is 4,583 ; for land B is 5,994

c. The coefficient of variation for Land A is .27 ; for Land B is .35

d. Land B is a better choice

Land B is a better choice