1. Jill is considering two business ventures: Business A and Business B. Profits from these businesses depend on how the economy turns out to be next year. Hence, profits may be viewed as random. The following tables summarize possible scenarios and probabilities. Business Venture A Business Venture B Profit (x) f(x) Profit (y) fly) $10,000 0.3 $9,000 0.3 $14,000 0.4 $16,000 0.2 $24,000 0.3 $24,000 0.5 a) Calculate expected profits for both businesses. b) Calculate standard deviation and coefficient of variation of profits for both business ventures. Based on this, which business venture is "riskier?" c) Based on the numbers you calculated, what business would you recommend for Jill? Why