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Assume you are risk-averse and have the following three choices. Expected Value Standard Deviation A $ 2,520 $ 1,420 B 2,930 1,050 C 2,480 1,040
| Assume you are risk-averse and have the following three choices. |
| Expected Value | Standard Deviation | |||||
| A | $ | 2,520 | $ | 1,420 | ||
| B | 2,930 | 1,050 | ||||
| C | 2,480 | 1,040 | ||||
| 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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