Question: Given the following information: State Probability X Y Boom .25 15% 10% Normal .60 10% 9% Recession .15% 5% 10% Please calculate the expected return

Given the following information:

State Probability X Y

Boom .25 15% 10%

Normal .60 10% 9%

Recession .15% 5% 10%

Please calculate the expected return and the standard deviation of x and y. Please show all steps and calculations, very confused and need explained thoroughly. Thank you.

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