You are trying to develop a strategy for investing in two different stocks. The anticipated annual return for a$$ $$1,000$ investment in each stock under four different economic conditions has the probability distribution shown to the right. Complete parts$($a$)$ through$($c$)$ below.

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Returns

Probability

Economic Condition

Stock X

Stock Y

$0\mathrm{.}1$

Recession

negative $30$

negative $150$

$0\mathrm{.}2$

Slow growth

$20$

$40$

$0\mathrm{.}4$

Moderate growth

$80$

$140$

$0\mathrm{.}3$

Fast growth

$170$

$190$

Question content area bottom

Part $1$

a$.$ Compute the expected return for stock X and for stock Y$.$

The expected return for stock X is

$$

enter your response here.

$($Type an integer or a decimal. Do not$$ round.$)$