$"2$ Based on the following information, calculate the expected return for the portfolio. Next, assume there is an equally likely chance of a Recession, Normal, and Boom economy. What is the standard deviation of each stock?

$\backslash$table$[[\backslash$table$[[$State of$],[$Economy$]],\backslash$table$[[$Probability of$],[$State of Economy$]],\backslash$table$[[$Portfolio Return$],[$if State Occurs$]]],[$Recession$,\mathrm{.}10,-\mathrm{.}17],[$Normal$,\mathrm{.}60,\mathrm{.}08],[$Boom$,\mathrm{.}30,\mathrm{.}27]]$