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Perth Industries is conducting an evaluation of two of its future products, currently known within the company as Project H and Project J. The following

Perth Industries is conducting an evaluation of two of its future products, currently known within the company as Project H and Project J. The following table presents the yield and probability data obtained at the moment.

Project H

Performance % Probability
40 0.10
20 0.20
10 0.40
0 0.20
-20 0.10

Project J

Performance % Probability
5

0.35

40 0.05
10 0.20
3 0.40

What is the expected value of performance of Project H and Project J Perth Industries?

What is the standard deviation of the performance of project H and project J Perth Industries?

Which project would you recommend to Perth industries for investment and why?

Note : Please answer in a very well explain way with calculations and explanation for better understanding and LIKE

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