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Puan Melor, the financial manager of The Bunga Berhad is considering investing in ONE of three projects with the following distribution of possible returns:

Puan Melor, the financial manager of The Bunga Berhad is considering investing in ONE of three projects with the following distribution of possible returns:
\table[[Project Bunga Raya],[Probability,Return (in RM)],[50% chance,220],[50% chance,250]]
\table[[Project Bunga Mawar],[Probability,Return (in RM)],[30% chance,220],[40% chance,250],[30% chance,300]]
\table[[Project Bunga Jasmin],[Probability,Return (in RM)],[20% chance,300],[40% chance,250],[40% chance,220]]
From the information given, you are required to answer the following questions.
a. Calculate the expected return in RM for each project.
(3 marks)
b. Calculate the standard deviation in RM for each project.
(3 marks)
c. Based on your calculation in part (a) and (b), which project that you recommend Puan Melor to invest in? Explain your answer.
(4 marks)
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