Question 4: VenRzk (venture investor) is considering investing in a creative technology venture opportunity. However, the rate of return to be realized next year is likely to vary with the economic climate that actually occurs. Following are three possible economic outcomes, the probability that each one will occur, and the rate of return projected for each outcome: ECONOMIC CLIMATE Recession Normal Rapid growth PROBABILITY OF OCCURRENCE 0.15 0.7 0.15 RATE OF RETURN -25% 25% 50% a. Calculate the expected rate of return on the creative technology venture? (10%) b. Calculate the variance and standard deviation of the rates of return for the creative technology venture. (10%) c. Calculate the coefficient of variation of the rates of return for the creative technology. If the coefficient of variation of the rates of return for VenRzk's prior venture investments is 1.5, would the creative technology venture be considered as being less or more risky? (10%)