Problem 10-24 Expected Return and Risk (LG10-1)

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

Economic State		Probability		Return
Fast growth		0.32		62	%
Slow growth		0.43		18
Recession		0.15		8
Depression		0.10		42

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

Expected return		%
Standard deviation		%