Suppose your expectations regarding the stock market are as follows:

State of the Economy	Probability	HPR
Boom	0.3	44%
Normal growth	0.6	22
Recession	0.1	-15

above equations to compute the mean and standard deviation of the HPR on stocks. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Mean	%
Standard deviation	%

S E() = (s) r(s) s=1 Var(r) = o = q2 = p)[r(s) - E(r)]? s=1 SD(r) = 0 = V Var (r)