Hooper Chemical Company, a major chemical firm that uses such raw materials as carbon and petroleum as part of its production process, is examining a plastics firm to add to its operations. Before the acquisition, the normal expected outcomes for the firm were as follows: Outcomes ($ millions) Probability Recession $ 40 .2 Normal economy 50 .4 Strong economy 80 .4

Compute the expected value, standard deviation, and coefficient of variation prior to the acquisition.