Compute the expected return given these three economic states, their likelihoods, and the potential returns: (Round your answer to 2 decimal places.)

Following are three economic states, their likelihoods, and the potential returns:

Economic State Probability Return

Fast growth 0.32 42 %

Slow growth 0.34 19

Recession 0.34 45

Determine the standard deviation of the expected return. (Do not round intermediate calculations and round your answer to 2 decimal places.)

Following are four economic states, their likelihoods, and the potential returns:

Economic State Probability Return

Fast growth 0.42 61 %

Slow growth 0.26 11

Recession 0.25 23

Depression 0.07 57

Compute the expected return and standard deviation. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)