2.2. Use the information provided below to answer the following questions: INFORMATION As an investment analyst, you have established that three investments A, B and C have the same payoffs, but they differ in terms of the probability associated with each payoff, as illustrated in the table below: Payoff of the investment, R Probabilities for: Investment A Investment B Investment C 300 000 0.10 0.20 0.25 250 000 0.40 0.40 0.25 200 000 0.30 0.25 0.25 450 000 0.20 0.15 0.25 REQUIRED: 2.2.1. Calculate the expected return of each investment. (6 marks) 2.2.2. Calculate the standard deviation of each investment. (9 marks) 2.2.3. Based on the values obtained in 2.2.1 and 2.2.2 above, which of the three investments would a risk-averse investor select? Show all calculations used to make the decision (round off answers to two decimal places). (4 marks)