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Your investment business specializes in supporting entertainers who are clowns (literally). The table below describes perspective returns on each clown. Expected returns for each clown:

Your investment business specializes in supporting entertainers who are clowns (literally). The table below describes perspective returns on each clown.

Expected returns for each clown:

State of Economy Prob. of Occurrence Ronald Mr. Toot Bozo Puddles
Boom 0.25 0.4 0.3 0.5 0.5
Good 0.15 0.3 0.25 0.4 0.45
Okay 0.2 0.1 0.15 0.3 0.1
Poor 0.2 -0.2 0 -0.3 -0.4
Bad 0.2 -0.4 0.1 -0.5 -0.6

You have 15% of your portfolio behind Ronald, 20% with Mr. Toot, 20% in Bozo and the remainder with Puddles. What is the expected return of the portfolio, variance and standard deviation?

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