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Elizabeth Corporation is starting two new projects Project A requires an investment of $5,000, has expected return of 16% with standard deviation 14%. Project Bhas

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Elizabeth Corporation is starting two new projects Project A requires an investment of $5,000, has expected return of 16% with standard deviation 14%. Project Bhas initial investment of $15,000, expected return of 18 with standard deviation 10%. The correlation coefficient between the projects is 0.76. Find the expected return, in dollars, of the portfolio of these two projects. What is the probability that this return is less than $1,000? (15 points) Elizabeth Corporation is starting two new projects Project A requires an investment of $5,000, has expected return of 16% with standard deviation 14%. Project Bhas initial investment of $15,000, expected return of 18 with standard deviation 10%. The correlation coefficient between the projects is 0.76. Find the expected return, in dollars, of the portfolio of these two projects. What is the probability that this return is less than $1,000? (15 points)

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