Use the following data to answer all parts of this question. Show all work / steps for each part of the problem.

Use the following data to answer all questions: Retrns Returns Probability Asset 4 (*there is no relationship to the other 3 assets) 1/316 1/3 1/38 1. What is the expected return for each asset? 2. What is the variance and standard deviation of each asset? 3. What is the covariance and correlation for each asset? 4. Find the expected return and variance of the following portfolios: Use the following data to answer all questions: Retrns Returns Probability Asset 4 (*there is no relationship to the other 3 assets) 1/316 1/3 1/38 1. What is the expected return for each asset? 2. What is the variance and standard deviation of each asset? 3. What is the covariance and correlation for each asset? 4. Find the expected return and variance of the following portfolios