Question: Please look carefully at the problem and given data and understand it. I need complete solutions and detailed answers for me to fully understand this.

Please look carefully at the problem and given data and understand it. I need complete solutions and detailed answers for me to fully understand this. Have also a readable penmanship, thank you.

Please look carefully at the problem and given data and understand it.

2. In 2015, the mean return of all common stocks on the Philippine Stock Exchange was 3.5%. The standard deviation of the returns was about 26%. A student of finance forms all possible portfolios that invested equal amounts in 5 of these stocks and return for each portfolio. This return is the average of the returns of the 5 stocks chosen. What are the mean and standard deviation of the portfolio returns? (Assume that the population is infinite in each case)

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