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(Get Answer) – You just agreed to take a position of economic advisor for inosmart

(Get Answer) – You just agreed to take a position of economic advisor for inosmart InstructionsAnswer all questions.Show your approach.Organize your work suitably.The due date is Sunday at 11:59 PM EST.Question 1You just agreed to take a position of Economic Advisor for InoSmart Inc. The General Manager of the company asked you to describe the nature of salaries paid by the company to its employees last year. The Chief Accountant of the company delivers to you the aggregate monthly salaries data as follows:MonthsAggregate SalariesJanuary743430February705320March67950April780240May801970June69440July816550August734380September791110October753370November717640December805500Summarize the data and Provide statistical conclusion based on your statistical output. (Show your statistical procedures that led you to the conclusion.)Provide your results to the General Manager (in one or two sentences).Question 2As a financial advisor, you are assigned a new client who is considering investing in one of two stocks, A or B. The table below shows information about the performance of stocks A and B last year.(Average) ReturnStandard DeviationStock A15%8.3%Stock B15%2.1%What factors would you consider as a financial advisor in making decisions about the data above?Based on these factors, what stock would you recommend to the client?What reasons will you convey to your client to justify your decision in recommending this stock?How will this recommendation impact the client?

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