A Company Is Considering Three Alternatives to Deal with Extra

Multiple Choice

A company is considering three alternatives to deal with extra work load as shown below (in $100,000) .If the likelihoods of easy, moderately difficult and extremely difficult are 0.2, 0.4 and 0.4, respectively, the standard deviation in costs associated with outsourcing is ________________________ .

A) 0.37
B) 0.95
C) 1.11
D) 1.23
E) None of the above.