You are a hotel manager and you are considering four projects that yield different payoffs, depending upon whether there is an economic boom or a recession. The potential payoffs and corresponding payoffs are summarized in the following table. Which project has the lowest variance?

Question

You are a hotel manager and you are considering four projects that yield different payoffs, depending upon whether there is an economic boom or a recession. The potential payoffs and corresponding payoffs are summarized in the following table.  Which project has the lowest variance?

Quizplus · Accepted Answer

The Answer is D

You Are a Hotel Manager and You Are Considering Four