Kraft Company has a small plant worth $2,000. The plant is s…

Kraft Company has a small plant worth $2,000. The plant is subject to physical damage. From over 100,000 industry observations, the firm has derived the following probability distribution of fire losses for its plant.   Loss Amount ($) Probability of Loss 0 0.5 500 0.25 1,500 0.15 2,000 0.10 What is the expected value for losses? Please round your answers to the nearest dollar [ex] What is the variance for these losses? Please round your answers to one decimal place. [var] What is the standard deviation for these losses? Please round your answers to one decimal place. [sd]

Kraft Company has a small plant worth $1,800. The plant is s…

Kraft Company has a small plant worth $1,800. The plant is subject to physical damage. From over 100,000 industry observations, the firm has derived the following probability distribution of fire losses for its plant.   Loss Amount ($) Probability of Loss 0 0.5 300 0.25 1,200 0.15 1,800 0.10 What is the expected value for losses? Please round your answers to the nearest dollar [ex] What is the variance for these losses? Please round your answers to one decimal place. [var] What is the standard deviation for these losses? Please round your answers to one decimal place. [sd]

We collected the following risk measures of companies A and…

We collected the following risk measures of companies A and B. Company A Company B Expected value 60 100 Variance 1000 4000 Standard Deviation 31.6 63.2 What is the coefficient of variation for companies A and B, respectively? (please round your answers to two decimal place) A: [cova] B: [covb] Which company faces more risk? (A or B?) [morerisk]