Suppose your expectations regarding the stock market are as follows:

State of the Economy Probability HPR

Boom $0\mathrm{.}237\%$

Normal growth $0\mathrm{.}517$

Recession $0\mathrm{.}311$

E$($r$)=$ss$=1$p$($s$)$r$($s$)$

Var$($r$)\backslash$sigma $2=$ss$=1$p$($s$)[$r$($s$)$E$($r$)]2$

SD$($r$)\backslash$sigma $=$Var$($r$)$

Required:

Use above equations to compute the mean and standard deviation of the HPR on stocks.

Note: Do not round intermediate calculations. Round your answers to $2$ decimal places.