Given the following data on two one period capital projects, calculate 1) the expected value of each project's cash flows and 2) the standard deviation of probable cash flows from each project. Indicate which of the two projects would be chosen by a risk-averse decision maker if their prices were the same and they had similar lives.
Definitions:
Volunteer Efforts
The work and services provided by individuals who freely offer their time and skills for the benefit of others or a cause without financial compensation.
Student Athletes
Individuals who participate in organized competitive sports while attending educational institutions.
Promoting Ecotourism
The practice of advocating for and implementing tourism that is environmentally responsible, supports conservation efforts, and benefits local communities.
Local Agencies
Regional or community-based organizations that provide specific services, support, or resources to the local population, often in the context of government, social services, or healthcare.
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