Adam, Brian, Chris are friends whose preferences over wealth, W, can be represented by the utility functions: U^(W) = W2, UB(W) = 2W, and UC(W) = VW. All three friends are offered the same lottery, L, in which they can get wither $36 or $16. The probability of getting the highest value is 20%. Consider the expected value, E(L), and the variance, Var(L), of lottery L. Which of the following alternatives is correct? (a) E(L) = $20 and Var(L) = $64 (b) E(L) = $26 and Var(L) = $100 (c) E(L) = $10 and Var(L) = $36 (d) E(L) = $4.40 and Var(L) = $0.64