Mr. Aboagye has an initial wealth of GhC20,000 and faces the following three investment decisions, which involves his political party winning or losing the election: I. If his party wins the elections, he makes Gh 200; if his party loses, he loses Gh 200 If his party wins the elections, he makes Gh 300; if his party loses, he loses Gh 200 If his party wins the elections, he makes Gh 2,000; if his party loses, he loses Ghe 1,000 II. III. a. Find the expected values of the three investment decisions. [4 marks] b. Find the variance, and the standard deviation of the three investment decisions. Explain the answers. [6 marks] c. If the utility function of Mr. Aboagye is given by U = M2; [5 marks] 1. Find the expected utility of the three investment decisions. 2. Which of the three investment decisions is more attractive to Mr. Aboagye and [5 marks] why?