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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 $ 40 0.20 $ 70 0.20 $ 60 0.20
Acceptable 70 0.40 170 0.40 205 0.60
Successful 110 0.40 245 0.40 370 0.20

Rank the three alternatives in terms of least risk to most risk. (Do not round intermediate calculations. Round the final answers to 3 decimal places.)

Coefficient of Variation
Alternative 1
Alternative 2
Alternative 3

Alternative
Least risky (Click to select) Alternative 2 Alternative 1 Alternative 3
| (Click to select) Alternative 2 Alternative 1 Alternative 3
Most risky (Click to select) Alternative 2 Alternative 1 Alternative 3

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