A marketing research firm suggests to a company that two possible competing products can generate incomes X and Y (in millions) that are N(3,1) and N(3.5,4), respectively.Clearly P(X1/2. However, the company would prefer the one with the smaller variances if in fact P(X>2)>P(Y>2). Which product does the company select? Solution the company will select X because the variance of the income of X is less and P(X>2)>P(Y>2). so it will select X.