Score: 0 of 1 pt 13 of 15 (13 complete HW Score: 78.33%, 11.75 of P8-18 (similar to) Question Help Variance and standard deviation (expected). Bacon and Associates, a famous Northwest think tank, has provided probability estimates for the four potential economic states for the coming year in the following table The probability of a boom economy is 25%, the probability of a stable growth economy is 41%, the probability of a stagnant economy is 24%, and the probability of a recession is 10% Calculate the variance and the stand deviation of the three investments: stock, corporate bond, and government bond. If the estimates for both the probabilities of the economy and the returns in each state of the economy are correct, which investment would choose, considering both risk and rolur? Hint. Make sure to round all intermediate calculations to at least seven (7) decimal places. The input instructions, phrases in parenthesis offer each answer box, only apply for the answers you will type What is the variance of the stock investment? Data Table > Round to five decimal places.) (Click on the following icon in order to copy its contents into a spreadsheet.) Forecasted Returns for Each Economy Stable Investment Boom Growth Stagmant Stock 26% 3% Corporate bond 9% 7% 6% Government bond 8% 5% Recession -11% 4% 3% Print Done Enter your answer in the answer box and then click Check Answer Check Answer Clear All 6 remaining