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AngelaJones would like to invest in gold and is aware that the returns on such an investment can be quite volatile and risky. Use the
AngelaJones would like to invest in gold and is aware that the returns on such an investment can be quite volatile and risky. Use the following table of states, probabilities, and returns to determine the expected return and standard deviation on Angelas gold investment.
Probability Return
Boom 0.1 36%
Good 0.2 19%
Ok 0.3 11%
Level 0.2 4%
Slump 0.2 -27%
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