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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 1: $
Expected value of Option 2:$
b. Determine the varlance and standard devlation of each option.
Instructions: Round your answers for standard deviation to two decimal places.
Varlance of Option 1:
Standard devlation of Option 1:
Varlance of Option 2:
Standard deviation of Option 2:
c. Which option is most risky?
Option 1
Option 2
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