Using the following data calculate the expected value, the standard deviation and the coe⁄cient of variation for each of the projects. Which project is the least risky and which is the most risky? Which project would a risk-averse individual and a risk-loving individual choose?

Project Outcome Probability A 200 0.2 400 0.6 200 0.2 B -200 0.3 600 0.5 1,200 0.2 C 100 0.1 500 0.7 1,000 0.21