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Based on the following information, calcuate the expected return: .2 -.13 .8 .19 begin{tabular}{|l|c|c|} hline State of Economy & Probability of State of Economy &
Based on the following information, calcuate the expected return:
.2 -.13
.8 .19
\begin{tabular}{|l|c|c|} \hline State of Economy & Probability of State of Economy & Rate of Return if State Occurs \\ \hline Recession & 0.2 & -0.13 \\ \hline Boom & 0.8 & 0.19 \\ \hline \end{tabular}Step by Step Solution
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