Top Wonder Tours is evaluating $2$ mutually exclusive projects. The probabilities of the different project returns are shown below.

$1.$ Calculate the expected NPV$.$ Which project is better?

$2.$ Calculate the variance and standard deviation. Now which project is better?

$3.$ Calculate the coefficient of variation and the probability of negative return. Does this change your decision?Top Wonder Tours

Probability NPVA NPVB

$15\%(34,850)(13,069)$

$20\%(8,713)2,178$

$30\%17,42517,425$

$20\%43,56332,672$

$15\%69,70047,919$