Problem
The Graham Telephone Company may invest in new switching equipment. There are three possible outcomes, having net present worth of $6570, $8590, and $9730. The outcomes have probabilities of 0.3, 0.5, and 0.2, respectively. Calculate the expected return and risk measured by the standard deviation associated with this proposal.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.