if excel can be avoided to solve this problem that would be great please

2. Portfolio Expected Return, Variance and Standard Deviation (8 points) Consider the following information on returns and probabilities: State Probability X Y Boom -25 15% 10% Normal .60 10% 9% Recession 15 5% 10% What are the expected return and standard deviation for a portfolio with an investment of $6,000 in asset X and $4,000 in asset Y? (see handout on Expected Returns, Variance and Standard Deviation for formulas)