Compute the range, variance and expected value

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Question - ABC Company is considering the following project opportunities with their relative data:

 

PROJECT A

PROJECT B

Net Cost of Investment

P4,000,000

P4,000,000

Rate of Return

 

 

Economy

Probability

 

 

Excellent

40%

16%

24%

Good

50%

12%

12%

Fair

10%

10%

6%

Required - Compute the range, variance, expected value, standard deviation and coefficient variation.

Reference no: EM132652506

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