1. You are considering investing in one of two companies, with different indicative investment outcomes:

   • Company A: the average return of 1 and standard deviation of 2
   • Company B: the average return of 3 and standard deviation of 4

   Choose one of the following options that best describe how Company A compares to Company B:

   		a. Company A is lower expected return and higher risk compared to Company B
   		b. Company A is higher expected return and lower risk compared to Company B
   		c. Company A has lower expected return and lower risk compared to Company B
   		d. Company A is higher expected return and higher risk compared to Company B

2. A surveyor of SME’s has been provided a list of 8 businesses to randomly sample for a business confidence survey. They are going to pick 2 of them to undertake the survey.

   How many different choices of the sample can the surveyor make?

3. The charity executive committee consists of 9 people. There will be four named posts president, treasurer, secretary, and the EDI (equity, diversity & inclusion) representative.

   How many different ways can the four named posts be allocated?

4. A business confidence report claims that 48% of retailers expect an increase in revenue in the next financial year, 18% believe that costs will rise and 18% believe both revenue and costs will rise.

   What is the probability that a randomly selected retailer expects a rise in either revenue or costs?

Answer rating: 100% (QA)

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