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Dick's Sporting Goods has enough money to invest in only one of the two locations. From this, answer the following questions. Show all work. Brooklyn
Dick's Sporting Goods has enough money to invest in only one of the two locations. From this, answer the following questions. Show all work.
Brooklyn store | Queens store | ||
Annual return | Probability | Annual return | Probability |
15% | 25% | 14% | 10% |
17% | 50% | 16% | 70% |
19% | 25% | 17% | 20% |
A. Calculate the expected annual rate of return for each store.
B. Calculate the standard deviation of expected return for each store.
C. Calculate the coefficient of variation of return for each store.
D. Based on the previous answers, which location should Dick's Sporting Goods choose and why?
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