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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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