Question: Based on the following information, calculate the expected return and standard deviation: no excel please. show formulas and step by step. begin{tabular}{lcc} hline State of
Based on the following information, calculate the expected return and standard deviation:
no excel please. show formulas and step by step.
\begin{tabular}{lcc} \hline State of Economy & Probability of State of Economy & Rate of Return if State Occurs \\ \hline Depression & .15 & -.184 \\ Recession & .30 & .029 \\ Normal & .45 & .173 \\ Boom & .10 & .372 \end{tabular}
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