[15 marks] d) Explain what is meant if a portfolio's return is "two standard deviations below the mean". Then, relate how diversification with reference to correlation can help mitigate large fluctuations in portfolio value. [15 marks] e) Provide an explanation of how risk averse, moderately risk averse, and risk loving investors are likely to choose assets that make up portfolios. Also, provide an example of the two asset portfolios each investor would likely choose in relation to stocks NQ, FH, WX, MW. [20 marks) [15 marks] d) Explain what is meant if a portfolio's return is "two standard deviations below the mean". Then, relate how diversification with reference to correlation can help mitigate large fluctuations in portfolio value. [15 marks] e) Provide an explanation of how risk averse, moderately risk averse, and risk loving investors are likely to choose assets that make up portfolios. Also, provide an example of the two asset portfolios each investor would likely choose in relation to stocks NQ, FH, WX, MW. [20 marks)