Variance and standard deviation (expected) Hull Consultants, a famous think tank in the Midwest, 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 14%, the probability of a stable growth economy is 16%, the probability of a stagnant economy is 50%, and the probability of a recession is 20% Calculate the variance and the standard deviation of the three investments stock, corporate band, 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 you choose, considering both risk and retum? Hint. Make sure to round all intermediate calculations to at least seven (7) decimal places. The input instructions, phrases in parenthesis after each answer box, only apply for the answers you will type. What is the variante % (Round to X Data table - What is the stand (Round to What is the varial ()% (Round to (Click on the following icon in order to copy its contents into a spreadsheet) Forecasted Returns for Each Economy Stable Investment Boom Growth Stagnant Stock 22% 14% 5% Corporate bond 9% 6% Government bond 8% 6% 5% What is the stand % (Round to Recession - 11% 3% 2% What is the varia % (Round 10 What is the stand [% (Round to Print Done Time Remaining: 01 36 10 Next