A farmer is considering two crops, wheat and corn. The possible returns from each crop and their probabilities are as follows:

Wheat Corn Return Probability Return Probability

$200,000 0.1 $350,000 0.05 110,000 0.2 250,000 0.1 72,000 0.33 130,000 0.3 54,000 0.2 56,000 0.35 20,000 0.17 –100,000 0.2 1 1 Using expected value and standard deviation as a basis for comparison, discuss which of the two investments should be selected based on the means and standard deviations. ( LO,1)