Problem 10-23 Expected Return and Risk (LG10-1)

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

Economic State		Probability		Return
Fast growth		0.31		78	%
Slow growth		0.50		15
Recession		0.16		18
Depression		0.03		49

Compute the expected return and standard deviation. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Expected return		%
Standard deviation		%