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Based on historical information, the distribution of the annual return on Flavorite stock depends on market conditions. The expected annual return for ( 1 )

Based on historical information, the distribution of the annual return on Flavorite stock depends on market conditions. The expected annual return for (1) a boom market, (2) an up market, (3) a flat market, (4) a down market, and (5) a crash are shown in the center colum as xi's. The historical probability of each market condition is shown in the right colum as pi's.

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