A firm has decided to invest in a piece of land. Management has estimated that the land can be sold in 5 years for the following possible prices: (a)Determine the expected selling price for the land.
(b)Determine the standard deviation of the possible sales prices.
(c)Determine the coefficient of variation.

Question

A firm has decided to invest in a piece of land. Management has estimated that the land can be sold in 5 years for the following possible prices:  (a)Determine the expected selling price for the land.
(b)Determine the standard deviation of the possible sales prices.
(c)Determine the coefficient of variation.

Quizplus · Accepted Answer

The Answer of A firm has decided to invest in a piece of land. Management has estimated that the land can be sold in 5 years for the following possible prices:  (a)Determine the expected selling price for the land.
(b)Determine the standard deviation of the possible sales prices.
(c)Determine the coefficient of variation.

A Firm Has Decided to Invest in a Piece of Land