(Page 1 start from here) Assignment Question: 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 Expected Values of Returns for Assets X and Y Asser X Possible outcome Probability Pessimistic 0.3 Most likely 0.4 Optimistic 0.3 Asset Y Pessimistic 16% Most likely 0.5 22% Optimistic 0.25 26% a. Calculate expected return of asset X and Y. b. Calculate the Range for asset X and Y. c. Calculate the standard deviation for Asset X and Y. d. Calculate Coefficient of Variation (CV) for Asset X and Y. e. Interpret your results and decide which asset you will invest if you are a risk averse manager or investor for the company Note: Your answer expecting as given formats, coverpage and detailed expanation given table of contents headings(Expecting your answer 7-9 pages) Last date of submission:Jul 16,2020) Returns 16% 22% 26% 0.25