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Possible outcomes for three investment alternatives and their probabilities of occurrence are given below. Alternative 1 Alternative 2 Alternative 3 Outcomes Probability Outcomes Probability Outcomes

Possible outcomes for three investment alternatives and their probabilities of occurrence are given below.
Alternative 1 Alternative 2 Alternative 3



Outcomes Probability Outcomes Probability Outcomes Probability
Failure 50 .2 90 .3 80 .4
Acceptable 80 .4 160 .5 200 .5
Successful 120 .4 200 .2 400 .1


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.)
Coefficient of
variation
Rank
Alternative 1
Alternative 2
Alternative 3

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