Portfolio A
Stock	Value	ER	Wi	WiEr
ryan air	40%	0.007619084	0.4%	0.0030476
kulula	60%	0.007716422	0.6%	0.0046299
		EXPECTED RETURN		0.0076775
Portfolio B
Stock	Value	ER	Wi	WiEr
Ryan Air	20%	0.007619084	0.2%	0.0015238
kulula	40%	0.007716422	0.4%	0.0030866
EasyJet	40%	0.011684045	0.4%	0.0046736
		EXPECTED RETURN		0.009284

portfolio A has 2 stocks, while Portfolio B has 3 stocks

The Expected Returns have been given as 0.0076775 and 0.009284 respectively

1. Calculate the variances & standard deviation of Portfolio A and Portfolio B
2. Given calculated results in (A)&(B), which Portfolio is more profitable And provide reasons to justify your answer