Question

Question #2: A company is considering several expansion projects. All of the alternatives promise to produce an acceptable return. Data on 4 possible projects follows: Project Expected Range Deviation a 12.0% 4.0% 2.9 b 12.5% 5.0% 3.2 c 13.0% 6.0% 3.5 d 12.8% 4.5% 3.0 A.)Which project is least risky, judging on the basis of range? B.)Which project has the lowest standard deviation? C.)Calculate the coefficient of variation for each project. D.)Which project do you think the company should choose and why?

Answer 1