Nile Riverboat Co., a major boat building company highly sensitive to the economy, expects profits next year to be $2,000,000 if the economy is strong, $1,200,000 if the economy is steady, and minus $400,000 if the economy is weak. Mr. Nile believes there is a 30 percent probability of a strong economy, a 40 percent probability of a steady economy, and a 30 percent probability of a weak economy. 17 The expected profits for next year = a.900,000 b.930,000 c.950,000 d.960,000 e.None of the above 18The standard deviation (rounded) = a.925,000 b.946,000 c.950,000 d.990,000 e.None of the above 19The coefficient of variation = a.0.99 b.0.98 c.0.96 d.0.94 e.None of the above 20 The probability of earning between 750,000 and 1,300,000 = a.0.206 b.0.2178 c.0.2249 d.0.2277 e.None of the above