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Possible outcomes for three investment alternatives and their probabilities of occurrence are given next. Alternative 1 Alternative 2 Alternative 3 Outcomes Probability Outcomes Probability Outcomes
Possible outcomes for three investment alternatives and their probabilities of occurrence are given next.
Alternative 1 | Alternative 2 | Alternative 3 | ||||||||||||||||||
Outcomes | Probability | Outcomes | Probability | Outcomes | Probability | |||||||||||||||
Failure | 50 | .2 | 90 | .3 | 95 | .2 | ||||||||||||||
Acceptable | 90 | .4 | 190 | .3 | 215 | .6 | ||||||||||||||
Successful | 135 | .4 | 225 | .4 | 380 | .2 | ||||||||||||||
Using the coefficient of variation, rank the three alternatives in terms of risk from lowest to highest. (Do not round intermediate calculations. Round your answers to 3 decimal places.)
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