You are given the following scenarios with probabilities and holding period returns for Horizon Museum Inc.:

Scenario Probability HPR

Boom 20% 24%

Normal 45% 15%

Recession 35% 8%

a) What is the expected return?

b) What is the standard deviation of returns?

Clearly label your findings (e.g., enterprise value = ..) and designate which part of the question you are answering such a, b, c (if there are multiple parts). Show your work by typing it in Canvas. Answers (whether correct or incorrect) without work shown will receive zero points. Simply typing your work will suffice. (e.g., x = y + 2z). No need to use mathematical functions in Canvas.