23) Possible outcomes for three investment alternatives andtheir probabilities of occurrence are givennext.
| Alternative 1 | | Alternative 2 | | Alternative 3 |
| Outcomes | Probability | | Outcomes | Probability | | Outcomes | Probability |
| Failure | | 80 | | | 0.40 | | | | 90 | | | 0.20 | | | | 100 | | | 0.30 | |
| Acceptable | | 80 | | | 0.20 | | | | 185 | | | 0.20 | | | | 220 | | | 0.50 | |
| Successful | | 155 | | | 0.40 | | | | 220 | | | 0.60 | | | | 375 | | | 0.20 | |
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Using the coefficient of variation, rank the three alternatives interms of risk from lowest to highest. (Do not roundintermediate calculations. Round your answers to 3 decimalplaces.)
