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

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

\begin{tabular}{|c|c|c|c|c|} \hline \multirow{3}{*}{ PROJECT 1} & Return & Probability & Standard Deviation & Beta \\ \hline & 22% & 50% Chance & & \multirow{2}{*}{1.1} \\ \hline & 4% & 50% Chance & & \\ \hline & Return & Probability & Standard Deviation & Beta \\ \hline \multirow[t]{4}{*}{ PROJECT 2} & 36% & 30% Chance & & \multirow{3}{*}{1} \\ \hline & 10.50% & 40% Chance & & \\ \hline & 20% & 30% Chance & & \\ \hline & Return & Probability & Standard Deviation & Beta \\ \hline \multirow[t]{3}{*}{ PROJECT 3} & 28% & 10% Chance & & \multirow{3}{*}{1.2} \\ \hline & 18% & 70% Chance & & \\ \hline & 8% & 20% Chance & & \\ \hline \end{tabular}