Varlance and standard deviation (expected). Bacon and Associates, a famous Northwest think tank, has provided prcbablity estimates for the four potansia economic atates for the coming year in the following tablo: The probablity of a boom economy is 20%, the probabity of a stable growth economy is 44%, the probability of a stagnant economy is 23%, and the probabilty of a recession is 13\%. Calculate the variance and the standard devation of the three investments: stock corporate bond, and government bond. If the estimates foc boet the probabilies of the economy and the returns in each state of the economy ace correct, which investment would you choose, considering both risk and return? Hint: Make sure to round all intermediate calculations to at least seven (?) decimal places. The inpot instructians, phrases in parenthesis after each anawer box, only apply for the answers you will bype. What is the variance of the stock investment? Data table (Click on the following icon D, in order to copy its contents into a spreadsheet.)