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State of demand Option: Less (0.15) No change (0.25) Moderate increase (0.40) Large increase (0.20) electronic...

State of demand

Option:

Less (0.15)

No change (0.25)

Moderate increase (0.40)

Large increase (0.20)

electronic milking system

-$20

$0

$10

$15

tie stall

-$60

-$20

$20

$35

rotary parlour

-$150

-$80

-$5

$55

1. Calculate the Expected value of each option

2. Calculate the variance of each option

3. Which option would all investors rule out, explain in detail.

business   economics   
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