B. J. Gautney Enterprises is evaluating a security. One-year Treasury bills are currently paying

3.5

percent. Calculate theinvestment's expected return and its standard deviation. Should Gautney invest in this security?

Probability	Return
0.20	6	%
0.35	3	%
0.25	5	%
0.20	8	%

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Part 1

a.The investment's expected return is

enter your response here%.

(Round to two decimal places.)