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Following are four economic states, their likelihoods, and the potential returns. Economic States Probability Return Fast Growth 0.33 56% Slow Growth 0.42 15% Recession 0.15

Following are four economic states, their likelihoods, and the potential returns.

Economic States Probability Return

Fast Growth 0.33 56%

Slow Growth 0.42 15%

Recession 0.15 -12%

Depression 0.10 -42%

Calculate the expected return and Standard Deviation (round answers to two decimal places.) PLEASE include the excel formulas for expected return and standard deviation. Thanks.

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