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 six different economic conditions has the probability distribution shown to the right. Complete parts (a) through (d) below.

Returns Probability Economic Condition Stock X Stock Y 0.02 Extreme recession - 100 - 989 0.08 Recession - 60 - 300 0.25 Stagnation - 100 0.35 Slow growth 70 100 0.20 Moderate growth 100 140 0.10 High growth 120 40 350 b. Compute the standard deviation for Stock X and for Stock Y. The standard deviation for Stock X is $17. (Round to two decimal places as needed.) The standard deviation for Stock Y is $ ). (Round to two decimal places as needed.) c. Compute the covariance of Stock X and Stock Y. . The covariance of Stock X and Stock Y is (Round to two decimal places as needed.)