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Pwani Limited is planning advertising campaigns in three different market areas. The estimates of probability of success and associated additional profits in each of the three...

      

Pwani Limited is planning advertising campaigns in three different market areas. The estimates of
probability of success and associated additional profits in each of the three markets are provided
below:
fig3184305.png
Required:
(i) Compute the expected value and standard deviation of profits resulting from advertising campaigns
in each of the market areas.
(ii) Rank the three markets according to riskiness using the coefficient of variation.

  

Answers


Kavungya
fig4184307.png
Kavungya answered the question on April 18, 2021 at 12:07


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