How the study of Risk and Return will be useful for choosing a finance profession?Explain about the same and give answer for the following related questions.

How we calcualte the expected retun of asset?Explain.

Crticly evaluate the various statistical techniques we are using to calcuate the risk of assets expeted return behaviors.

Why high Standard deviation or CV values shows asset is more risky?Explain.

#A Company, a sports equipment manufacturer, wants to choose the better of two investments, X and Y. Each requires an initial outlay of OMR120, 000, and each has a most likely annual rate of return of 22%. Management has made pessimistic and optimistic estimates of the returns associated with each. The three estimates for each asset are given in following Table .Answer the following questions