Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A stock had returns of 20 percent, 2 percent, 20 percent, 10 percent, and 2 percent for the past five years. What is the variance
A stock had returns of 20 percent, 2 percent, 20 percent, 10 percent, and 2 percent for the past five years. What is the variance of these returns in percentage? (Please do not round your intermediate calculations. Round only, if necessary, your final answer to two decimal places and enter it without the percentage (%) sign).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started