Consider the following two funds and their estimated returns under different states of the economy:

State of economy	Probability	Estimated Return (Fund A)	Estimated Return (Fund B)
Great	25%	10%	25%
Average	30%	15%	11%
Poor	40%	20%	15%

Calculate the following:

1. Expected return for fund A and for fund B
2. Standard deviation of returns for fund A and fund B
3. Covariance between returns of fund A and fund B
4. Correlation between returns of fund A and fund B

If you invest $2,000 in Fund A and $6,000 in Fund B, Calculate the following:

1. Portfolios