Use the following information for question 2 to question 3. Rate of Return Probability 0.31 20% Economic Conditions Strong economy, no inflation Weak economy, above- average inflation No major change in economy 0.29 -5% 0.4 10% 2. What is the expected return of the economy? (Chapter 6, slide 11-12) a. 8.55% b. 8.65% c. 8.75% d. 8.85% e. 9.00% 3. What is the standard deviation of the expected return? (Chapter 6, slide 14-16) a. 9.651% b. 9.731% c. 9.813% d. 9.916% e. 9.987%