Business with a steady income

Reference no: EM131852021

Mr. Jones is about to purchase a business. There are two businesses avail-able. The first has a daily expected profit of $150 with standard deviation $30, and the second has a daily expected profit of $150 with standard deviation $55. If Mr. Jones is interested in a business with a steady income, which should he choose?

Reference no: EM131852021

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