Josh, a chartered financial analyst (CFA), is willing to invest in the Alternative Investments Market (AIM) in the United Kingdom. He collected the information on two different companies (provided below) from the London Stock Exchange.

	Argos		Sun Medical
	Probability	Return (%)	Probability	Return (%)
Recession	30%	-2	30%	-4
Normal	30%	12	40%	8
Boom	40%	15	30%	16

Calculate the expected return and the standard deviation for each stock (10 points)

Given the results obtained, which stock would you advise Josh invest in? (10 points)