Assume you are risk-averse and have the following three choices. A Expected Value $1,940 2,770 1,950 Standard Deviation $1,280 1,540 1,320 C a. Compute the coefficient of variation for each. (Round your answers to 3 decimal places.) Coefficient of Variation A B C b. Which project will you select? Project C O Project A O Project B Myers Business Systems is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are given next: Possible Market Reaction Low response Moderate response High response Very high response Sales in Units 30 50 75 80 Probabilities 0.40 0.20 0.20 0.20 a. What is the expected value of unit sales for the new product? (Do not round intermediate calculations and round your answer to the nearest whole unit.) Expected value units b. What is the standard deviation of unit sales? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Standard deviation units