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The owner of the Crmerie du Nord wants to open two new branches. Here are the possible wins per hour and the odds of them
The owner of the Crmerie du Nord wants to open two new branches. Here are the possible wins per hour and the odds of them occurring: Project A Winnings ($) Probabilities 18 0.25 30 0.30 37 0.20 40 0.15 45 0.10 Project B Winnings ($) Probabilities 20 0.15 27 0.35 30 0.25 35 0.15 42 0.10 Issue 5 What is the expected gain from each project? Question 6 What is the variance of the gain for each project? Question 7 Using the coefficient of variation as a relative measure of risk, determine which of the two projects appears to be more at risk.
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