Which of the following statements about the 'What is Risk?' section of the lecture material based on the diagram below a

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Which Of The Following Statements About The What Is Risk Section Of The Lecture Material Based On The Diagram Below A 1 (32.28 KiB) Viewed 32 times

Which of the following statements about the 'What is Risk?' section of the lecture material based on the diagram below are TRUE: 1. A risk-averse individual would always prefer A to B because they both offer the same expected reward while B has a higher level of risk than A. 2. A risk-averse individual would always prefer A to C because A has a significantly lower level of risk than C. Expected Value 100 с A B 50 0 0 50 100 Risk O Neither of the statements are true (both are false) SE (Alt O Only statement 1 is true O Only statement 2 is true O Both statements are true (neither are false)