Refer to the Following:
a Firm Is Considering Two Projects

question 47

Multiple Choice

Refer to the following:
A firm is considering two projects, A and B, with the following probability distributions for profit.
$$\begin{array} { c c c } \begin{array} { c } \text { Profit } \\\text { (\$1,000s) }\end{array} & \begin{array} { c } \text { Praject } A \\\text { Probability } ( \% ) \end{array} & \begin{array} { c } \text { Project B} \\\text { Prabability (\%) }\end{array} \\\hline \$ 20 & 10 & 10 \\40 & 15 & 15 \\{ 5 0 } & 50 & { 2 5 } \\{ 8 0 } & 15 & 40 \\100 & 10 & 10\end{array}$$
-What is the variance of project B?

• A) 10
• B) 21
• C) 165
• D) 440
• E) 515

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Definitions:

Ceremonial Men's House

A communal building used by various indigenous cultures, primarily in Melanesia and Australia, for rituals and meetings exclusively attended by male members of the community.

Iatmul

A people of Papua New Guinea known for their elaborate wood carvings and culturally significant rituals centered around the Sepik River.

Tatanua Masks

Ceremonial masks from New Ireland, Papua New Guinea, used in rituals and known for their vibrant colors and elaborate designs.

Malanggan Mortuary

Refers to the intricate carvings and ceremonies associated with the mortuary practices of the Malanggan culture in New Ireland, Papua New Guinea.