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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 80 0.20 80 0.30 90 0.30
Acceptable 70 0.40 195 0.20 330 0.50
Successful 165 0.40 230 0.50 425 0.20

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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