Suppose Encik Muhammad is considering three investments option for a period of one year. The outcomes are uncertain but three different states of economy have been ascertained. The relevant data are given as follow. State of Probability Investment's Return (RM) economy A B Recession 0.25 1,500 1,875 1,685 Normal 0.45 2,810 2,250 3,000 3,000 3,750 Вoom 0.30 3,375 Calculate the following for each project: i. Expected return ii. Variance iii. Standard deviation

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the…