please answer

Suppose a proposed public policy could result in three possible outcomes: (1) present value of net benefits of $2,000,000, (2) present value of net benefits of $1,000,000, or (3) present value of net benefits of -$20,000,000 (Le. a loss). Suppose society is risk-neutral and the probability of occurrence of each of these three outcomes are, respectively, 0.85, 0.10, and 0.05. What is the expected value of the policy? Answer: "A risk-neutral society would choose not to implement this policy." Select one: O True O False What is the standard deviation of this policy? Answer: How would your previous answer to question 4 differ for a risk-averse and risk-loving society? Select one: O a. A risk-averse society is less willing to accept risk, making them less likely that they'd go thru with the policy, whereas and a risk-loving society is more willing to accept risk, making them more likely that they'd go thru with the policy. O b. A risk-averse society is less willing to accept risk, making them more likely that they'd go thru with the policy, whereas and a risk-loving society is more willing to accept risk, making them more likely that they'd go thru with the policy O C. A risk averse society is less willing to accept risk, making them less likely that they'd go thru with the policy, whereas and a risk-loving society is less willing to accept risk, making them less likely that they'd go thru with the policy. O d. A risk-averse society is more willing to accept risk, making them less likely that they'd go thru with the policy, whereas and a risk-loving society is more willing to accept risk, making them more likely that they'd go thru with the policy