A firm is considering two projects,A and B,with the following probability distributions for profit. Given the above,what is the variance of project B?
A) 10
B) 21
C) 165
D) 440
E) 515
Correct Answer:
Verified
Q8: Subjective probabilities are
A)determined from actual data on
Q10: A probability distribution
A)is a way of dealing
Q12: exists when
A)all possible outcomes are known but
Q14: making decisions under risk
A)maximizing expected value is
Q15: maximin rule
A)ignores bad outcomes.
B)is used by optimistic
Q16: variance of a probability distribution is used
Q19: A firm is considering two projects,A and
Q20: A firm is considering two projects,A and
Q21: A firm making production plans believes there
Q22: The following payoff matrix shows the various
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