Answer the Following Question(s)using the Information Below

Answer the following question(s) using the information below.Southwestern College is planning to hold a fund raising banquet at one of the local country clubs.It has two options for the banquet:
Southwestern College has budgeted $1,800 for administrative and marketing expenses.It plans to hire a band which will cost another $800.Tickets are expected to be $30 per person.Local business supporters will donate any other items required for the event.
-Which option provides the least amount of risk?

A) Option one
B) Option two
C) Both options provide the same amount of risk.
D) Neither option has risks.
E) Without probability assignments it is not possible to determine the riskier option.

Correct Answer:

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