Crane Corporation is evaluating the potential investment in three different stocks. The decision will be based on the expected return and standard deviation of each stock under varying economic conditions. Each economic state has an associated probability and an expected return for each stock: In a 'Boom' state of the economy, which occurs with a probability of 10%, the expected returns are: Stock A: 9% Stock B: 17% Stock C: 11% In a 'No Growth' economic state, with a probability of 70%, the expected returns are: Stock A: 7% Stock B: 8% Stock C: 6% During a 'Recession', which has a probability of 20%, the expected returns are: Stock A: 2% Stock B: -1% Stock C: 1% The task is to calculate the expected return and standard deviation for each of the three stocks, given these probabilities and expected returns for each economic state.

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