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The expected market return and risk for different assumptions about the state of the economy is shown below. State of Economy Fast growth Slow growth No growth Recession Depression Probability of State 0.08 0.49 0.25 0.13 0.05 Expected Market Return 29% 11% 8% -21% -34% a. Compute the expected return and standard deviation. (Round your answers to 2 decimal places.) Expected return Standard deviation b. Compute the expected return and risk for the following 2 scenarios: (Round your answers to 2 decimal places.) Scenario 1: Expected Market Return 35% Probability of State 0.13 0.29 0.31 0.22 0.05 State of Economy Fast growth Slow growth No growth Recession Depression 14% 5% -20% -36% Expected return Standard deviation Scenario 2: Expected Market Return 40% Probability of State 0.16 0.28 0.37 0.16 0.03 State of Economy Fast growth Slow growth No growth Recession Depression 16% 5% -16% -40% Expected return Standard deviation