State whether the following statements are true or false.

1. Risk and return are two very important elements of an investment. The relationship between risk and return is, the lower the return you seek, the more risk you should be prepared to take on.

2. higher returns but is prepared to take higher risk. A risk avoider, on the other hand avoids all risks at all costs.

3. The average is a measure of non- central tendency that is usually used to estimate a variable.

4. When things take place like we expect it to be, there is no risk. Therefore, risk is when things happen like we expected it to.

5. Systematic risk is also known as market risk.

6. A wise investor will hold more than one share or investment, called as a portfolio.

7. Unsystematic risks are risks that are general to the share .

8. By holding a set or combination of shares, for example in different industries, we can get rid of the unique risk.

9. As long as the assets in your portfolio move perfectly together (that is, perfectly positively correlated), you will achieve some reduction in the variability of returns in your portfolio.

10. Diversification can help to reduce risk by holding a handful of investments.