Question: Please solve it by hand or typing, don't use EXCEL. 1. Suppose you have the expectations of the HPR on stock market as follows: State
Please solve it by hand or typing, don't use EXCEL.

1. Suppose you have the expectations of the HPR on stock market as follows: State of Economy Recession Normal growth Expansion Probability 0.2 0.7 0.1 HPR -12% 8% 16% A. Compute the mean of HPR on stocks. (3pts) B. Compute the standard deviation of the HPR on stocks. (5pts)
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