Question:Question:SOLVE QUESTION "a." ONLY!!!!!!! THANK YOU. Show work and EXPLANATION!!!!!!! Thank You!!

Use the Chart Below

3. Suppose that you're given the following information of rates of return for the stock market as assessed by your financial analyst in mutual fund. Answer the following questions:

a)What are the means, standard deviations for each fund? Why do you need to specify the means and the standard deviations?

State of the wordsProbabilityFund A Fund BFund C

Boom 12% 28% 8%

Recovery 24% 16% 12%

Recession -32% -20% 4%