1. An investor invests 40 percent of his wealth in a risky asset with an expected rate of return of 0.13 and a variance of 0.03; and 60 percent in a T-bill that pays 6 percent. What is his portfolio's expected return and standard deviation?

2. Consider someone with the U.S. culture doing business with someone from the culture of the country you have chosen. What do the differences in the rankings mean for these two individuals? What specific advice would you give the person from the U.S. to enable a successful business relationship?