23) Possible outcomes for three investment alternatives and their probabilities of occurrence are given next.       Alternative 1 Alternative 2 Alternative...

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Finance

23) Possible outcomes for three investment alternatives andtheir probabilities of occurrence are givennext.      

Alternative 1Alternative 2Alternative 3
OutcomesProbabilityOutcomesProbabilityOutcomesProbability
Failure800.40900.201000.30
Acceptable800.201850.202200.50
Successful1550.402200.603750.20


Using the coefficient of variation, rank the three alternatives interms of risk from lowest to highest. (Do not roundintermediate calculations. Round your answers to 3 decimalplaces.)

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Solution Investment Alternative 1 Coefficient of Variation 0334 Ranking 2Investment Alternative 2    See Answer
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