Question: please answer this question without using excel, thanks so much! 4. Here are the returns on two stocks Apple January 15 February -3 March 5

please answer this question without using excel, thanks so much!
please answer this question without using excel, thanks so much! 4. Here

4. Here are the returns on two stocks Apple January 15 February -3 March 5 April 7 May -4 June 3 July -2 August -8 Meta 7 1 4 13 -3 -2 a. Calculate the variance and standard deviation of each stock. Which stock is riskier if held on its own? b. Now calculate the returns in each month of a portfolio that invests an equal amount each month in the two stocks. January February March April May June July August Apple 15 -3 5 7 -4 3 -2 -8 Meta 7 1 4 13 2 5 -3 -2 50/50 Portfolio 11 -1 4.5 10 -1 4 -2.5 -5 c. Is the variance more or less than halfway between the variance of the two individual stocks

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