Being a soon-to-be MBA graduate, your parents asked you to look at two stocks and advise them which would be best to purchase. Jack's Construction Company Stock will return 7% in a boom and 5% in a normal economy. Haddie's Princess Cruise Lines Stock will return 14% in a boom and will lose 5.5% in a normal economy. The probability of a boom is 60% with a 40% chance of normal. For each Stock, determine the Expected Return, Variance and Standard Deviation. Based on your analysis, which stock would you recommend to your parents and why?