Consider the performance of a stock fund and a bond fund, based on the state of the economy.                   State of Economy Probability Stock Fund: Rate of Return Bond Fund: Rate of Return   Boom 0.2500 0.4500 0.0500   Normal Growth 0.4500 0.1300 0.0700   Recession 0.2750 -0.1500 0.0750   Severe Recession 0.0250 -0.4000 -0.0500             Measurement Stock Fund Bond Fund     Mean 11.98% 6.34%     Variance 0.0541 0.0004     Standard Deviation 23.25% 2.06%     Covariance (Stock and Bond Funds) -0.05%       Correlation -9.68%                 Required:         Using the information in the table above and the weights below, calculate the mean, variance, and standard deviation of a combined portfolio.                   Stock Fund 70%       Bond Fund 30%                 (Use cells A5 to D21 from the given information to complete this question.)                   Portfolio Performance       Mean         Variance         Standard Deviation

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