c) The expected rates of return for two organizations have been provided to you as per the schedule below: ECONOMIC CONDITION PROBABILITY SPORTS (%) FARMING COMBINED(50% EACH) (%) Fair 0.2 -5.5 35 14.75 Bad 0.2 0.5 23 11.75 Average 0.2 4.5 15 9.75 Good 0.2 9.5 5 7.25 Best 0.2 16.0 -8 4.00 The management of the two entities has requested you to undertake the following tasks i. Calculate the expected return for each portfolio (4 Marks) ii. Calculate the variance for each firm and explain (2 marks) iii. Standard deviation for each firm and explain (2 marks)