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The Following Is the Distribution of Outcomes from Two Alternative \quad

Question 29

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The following is the distribution of outcomes from two alternative advertising strategies:
\quad \quad \quad \quad  STRATEGY X \text { STRATEGY X }
 PROBABDTTY  REVENUE 0.2$100,0000.4$200,0000.4$300,0000.2$400,000\begin{array} { | c | c | } \hline \text { PROBABDTTY } & \text { REVENUE } \\\hline 0.2 & \$ 100,000 \\\hline 0.4 & \$ 200,000 \\\hline 0.4 & \$ 300,000 \\\hline 0.2 & \$ 400,000 \\\hline\end{array} \quad \quad \quad \quad  STRATEGY Y \text { STRATEGY Y }
 PROBABMTTY  REVENUE 0.1$50,0000.2$60,0000.4$300,0000.2$600,0000.1$800,000\begin{array} { | c | c | } \hline \text { PROBABMTTY } & \text { REVENUE } \\\hline 0.1 & \$ 50,000 \\\hline 0.2 & \$ 60,000 \\\hline 0.4 & \$ 300,000 \\\hline 0.2 & \$ 600,000 \\\hline 0.1 & \$ 800,000 \\\hline\end{array} Which strategy is the riskier strategy? Explain.

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Strategy Y, because its distri...

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