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Boston General Hospital believes the following probability distribution exists for its proposed expansion project. What is the coefficient of variation on the hospitals project investment?

Boston General Hospital believes the following probability distribution exists for its proposed expansion project. What is the coefficient of variation on the hospitals project investment?

Economic State Probility of occurence Rate of Return if econo state occurs
Boom 0.25 25%
Normal 0.50 15%
Recession 0.25 5%

0.4360

0.4714

0.5068

0.5448

0.5856

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