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Possible outcomes for three investment alternatives and theirprobabilities of occurrence are given next. Alternative 1Alternative 2 Alternative 3 Outcomes Probability OutcomesProbability Outcomes Probability Failure 40 .20 90 .40 90 .30Acceptable 60 .40 180 .20 280 .50 Successful 120 .40 240 .40 415.20 Using the coefficient of variation, rank the three alternativesin terms of risk from lowest to highest. (Do not round intermediatecalculations. Round your answers to 3 decimal places.)
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