Need good answers for 2-6

Morgan Cattle Company (MCC) is considering expanding the operation which requires additional acreage. The net payoffs (projected profits) for three alternatives under consideration are listed below. The probabilities of each alternative under different states of the economy are also given. Expected value for each alternative Mean value Standard deviation for each alternative Coefficient of variation for each alternative Knowing MCC risk-loving, use the information above to determine the most profitable alternative. Clearly explain your answer(s). Knowing MCC is risk-averse, use the information above to determine the most profitable alternative. Clearly explain your answer(s) Using visual observation and ignoring probabilities determine the most profitable alternative. Clearly explain your answer(s) As a financial manager what relevant advice do you have for MCC regarding the choices actions in order to positively influence the company's financial position or performance? What did you learn from this lab exercize? Morgan Cattle Company (MCC) is considering expanding the operation which requires additional acreage. The net payoffs (projected profits) for three alternatives under consideration are listed below. The probabilities of each alternative under different states of the economy are also given. Expected value for each alternative Mean value Standard deviation for each alternative Coefficient of variation for each alternative Knowing MCC risk-loving, use the information above to determine the most profitable alternative. Clearly explain your answer(s). Knowing MCC is risk-averse, use the information above to determine the most profitable alternative. Clearly explain your answer(s) Using visual observation and ignoring probabilities determine the most profitable alternative. Clearly explain your answer(s) As a financial manager what relevant advice do you have for MCC regarding the choices actions in order to positively influence the company's financial position or performance? What did you learn from this lab exercize