Question: Apply expected value method and if necessary standard deviation method to find the best project. (15 points out of 60) Project X Project Y Project

Apply expected value method and if necessary

Apply expected value method and if necessary standard deviation method to find the best project. (15 points out of 60) Project X Project Y Project Z Probability cash flow Probability cash flow Probability cash flow 0.1 $2,000 0.2 $2,000 0.1 $2,000 0.4 1000 0.4 3000 0.1 4000 0.4 3500 0.1 3000 0.2 5000 0.1 3000 0.3 6000 0.6 3500

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