Hello, i am a Master student and i need help to solve this mock exam for a financial course "Downside Risk". The topic is all about Capital Market Theory, Stochastical Dominance, Downside Risk Criteria, Lower Partial Moments, Value at Risk, Downside Portfolios, and VaR for Bonds. This mock exam will be split in four parts.

The following graph depicts the cumulative distribution function of two assets, blue and orange.

Question $2$

a$.$

Neither asset stochastically dominates the other at the second order

b$.$

Orange stochastically dominates blue at the second order

c$.$

Blue stochastically dominates orange at the second order

d$.$

Blue stochastically dominates orange at the first order

e$.$

Orange stochastically dominates blue at the first order