a) An individual is considering two investment projects. Project A will return a loss of£45 if conditions are poor, a profit of £35 if conditions are good and a profit

of £155 if conditions are excellent. Project B will return a loss of £100 if conditions are poor, a profit of £60 if they are good and a profit of £300 if they are excellent. The probability distribution of conditions are a. Calculate the expected value for each project and identify the preferred project according to this criterion b. Calculate the standard deviation of the expected value of each project and identify the project with the highest risk. c. Is the standard deviation an appropriate measure for risk in this specific case?What other measure could be used?