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Assume you are risk-averse and have the following three choices. Expected Value Standard Deviation A $ 2,050 $ 1,430 B 2,750 1,130 C 2,120 1,260
Assume you are risk-averse and have the following three choices. |
Expected Value | Standard Deviation | |||||
A | $ | 2,050 | $ | 1,430 | ||
B | 2,750 | 1,130 | ||||
C | 2,120 | 1,260 | ||||
a. | Compute the coefficient of variation for each. (Round your answers to 3 decimal places.) |
Projects | Coefficient of Variation |
A | |
B | |
C | |
b. | Which project will you select? | ||||||
|
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