You are going to invest all of your funds in one of three projects with the following distribution of possible returns:

PROJECT 1	Return	Probability	Standard Deviation	Beta
22%	50% Chance		1.1
-4%	50% Chance
	Return	Probability	Standard Deviation	Beta
PROJECT 2	36%	30% Chance		1
	10.50%	40% Chance
	-20%	30% Chance
	Return	Probability	Standard Deviation	Beta
PROJECT 3	28%	10% Chance		1.2
	18%	70% Chance
	-8%	20% Chance

1. Compute the standard deviation of each project. Report your answers in the table above.

2. If you are a risk-averse investor, which one should you choose? Explain