e. Calculate the coefficient of variation (CV) for each action. CVA=% CVB = % (Round to three decimal places as needed.) f. Calculate the return-to-risk ratio (RTRR) for each action. RTRR(A) = RTRR(B) = (Round to three decimal places as needed.)

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.4: Expected Value
Problem 2E: If you played the game in Exercise 1 many times, then you would expect your average payoff per game...
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Payoff Table
Event
1
2
Probability
0.5
0.5
Print
A
70
220
Action
Done
B
120
100
-
X
Transcribed Image Text:Payoff Table Event 1 2 Probability 0.5 0.5 Print A 70 220 Action Done B 120 100 - X
e. Calculate the coefficient of variation (CV) for each action.
CVA = %
CVB = %
(Round to three decimal places as needed.)
f. Calculate the return-to-risk ratio (RTRR) for each action.
RTRR(A) =
RTRR(B) =
(Round to three decimal places as needed.)
Transcribed Image Text:e. Calculate the coefficient of variation (CV) for each action. CVA = % CVB = % (Round to three decimal places as needed.) f. Calculate the return-to-risk ratio (RTRR) for each action. RTRR(A) = RTRR(B) = (Round to three decimal places as needed.)
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