Consider two local banks. Bank A has $100$ loans outstanding, each for $$0\mathrm{.}7$ million, that it expects will be repaid today. Each loan has a $3\%$ probability of default, in which case the bank is not repaid anything. The chance of default is independent across all the loans. Bank B has only one loan of $$70$ million outstanding, which it also expects will be repaid today. It also has a $3\%$ probability of not being repaid. Calculate the following:

a$.$ The expected overall payoff of each bank.

b$.$ The standard deviation of the overall payoff of each bank.

a$.$ The expected overall payoff of each bank.

The expected overall payoff of Bank $A$ is $${67\mathrm{.}90}^{TT}$ million. $($Round to two decimal places.$)$

The expected overall payoff of Bank B is $$64\mathrm{.}40$ million. $($Round to two decimal places.$)$

FIND THE ANSWER FOR A AND B $($AND FOR BOTH BANKS$)$