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Consider the two options in the following table, both of which have random outcomes: a . Determine the expected value of each option. Expected value
Consider the two options in the following table, both of which have random outcomes:
a Determine the expected value of each option.
Expected value of Option : $
Expected value of Option :$
b Determine the varlance and standard devlation of each option.
Instructions: Round your answers for standard deviation to two decimal places.
Varlance of Option :
Standard devlation of Option :
Varlance of Option :
Standard deviation of Option :
c Which option is most risky?
Option
Option
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