Check my work 3 m. Problem 7-7 Expected return and standard deviation 10 points A game of chance offers the following odds and payoffs. Each play of the game costs $200, so the net profit per play is the payoff less $200. 8 04:42:57 Probability 0.20 0.40 0.40 Payoff $700 300 0 Net Profit $500 100 -200 eBook References a-1. What is the expected cash payoff? (Round your answer to the nearest whole dollar amount.) a-2. What is the expected rate of return? (Enter your answer as a percent rounded to the nearest whole number.) b-1. What is the variance of the expected returns? (In the calculation, use the percentage values, not the decimal values for the rates of return. Do not round intermediate calculations. Round your answer to the nearest whole number.) b-2. What is the standard deviation of the expected returns? (Enter your answer as a percent rounded to 2 decimal places.) a-1. Expected cash payoff Expected rate of return a-2. % b-1. Variance b-2. Standard deviation %