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Suppose your expectations regarding the stock market are as follows: State of Economy Probability HPR Boom 0.4 38% Normal Growth 0.5 17 Recession 0.1 -10

Suppose your expectations regarding the stock market are as follows:

State of Economy Probability HPR
Boom 0.4 38%
Normal Growth 0.5 17
Recession 0.1 -10

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Picture Use 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 22.9%

Standard deviation ____%??

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