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Consider two local banks. Barki A has $100$ loans outstanding, each for $$0\mathrm{.}6$ milion, that it expects will be repaid today. Each loan has a $5\%$ probabily of defuet, in which case the bark is not repaid anything. The chance of default is independent across all the loans. Bank B has only one lown of $$60$ million outstanding. which it albo expects will be repsid today. It also has a $5\%$ probability of not being repaid. Calculate the following:

a$.$ The expected overal payoff of each bank.

b$.$ The standard deviation of the overall payoff of each bank.

a$.$ The expected overall payoff of each bank.

The expected overall payoff of BankA is $ $$ milion. $($Round to two decimal places.$)$