Based on the following information, calculate the expected return and standard deviation:
State of Economy Probability of State of Economy Rate of Return if State Occurs
Depression .10 -0.045
Recession .20 0.044
Normal .50 0.120
Boom .20 0.207
Please do not respond in Excel.© BrainMass Inc. brainmass.com August 14, 2018, 3:08 pm ad1c9bdddf
Calculates expected return and standard deviation for the economy.