Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

11 The rates of return on Cherry Jalopies, Inc., stock over the last five years were 15 percent, 11 percent, -1 percent, 4 percent, and

image text in transcribed

11 The rates of return on Cherry Jalopies, Inc., stock over the last five years were 15 percent, 11 percent, -1 percent, 4 percent, and 13 percent. Over the same period, the returns on Straw Construction Company's stock were 16 percent, 20 percent. -3 percent, 1 percent, and 12 percent. 7.69 points Calculate the variances and the standard deviations for Cherry and Straw. (Do not round intermediate calculations. Enter your variance as a decimal rounded to 5 decimal places. Enter your standard deviation as a percent rounded to 2 decimal places.) Cherry Straw eBook Variance Standard deviation 31.60800 5.99% Print References

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Insurance Formulas

Authors: Tomas Cipra

2010th Edition

3790829013, 978-3790829013

More Books

Students also viewed these Finance questions

Question

How does CRC work?

Answered: 1 week ago