Given the following probability distributions for risky assets X and Y:
![431_Tab 03.jpg](https://secure.tutorsglobe.com/CMSImages/431_Tab%2003.jpg)
a) If the only available choice is 100% of your wealth in X or 100% in Y and you choose on the basis of mean and variance, which asset is preferred?
b) According to the second-order stochastic dominance criterion, how would you compare them?