Question: Your firm is considering a new project. Based on potential economic conditions, you determined the following states, probabilities, and potential returns could occur. table

Your firm is considering a new project. Based on potential economic conditions, you determined the following states, probabilities, and potential returns could occur.
\table[[Economic State,Probability of State,Return],[1,0.20,-25%],[2,0.30,10%],[3,0.50,32%]]
What are the expected return and standard deviation of returns of the project?

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