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Based on the following information, what is the variance? State of Economy Probability of State of Economy Rate of Return if State Occurs Recession .27
Based on the following information, what is the variance?
| State of Economy | Probability of State of Economy | Rate of Return if State Occurs | ||
| Recession | .27 | 9.50% | ||
| Normal | .42 | 11.00% | ||
| Boom | .31 | 22.00% | ||
Multiple Choice
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.02929
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.12102
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.07516
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.02197
-
.01465
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Financial Reporting And Statement Analysis A Strategic Approach
Authors: Clyde P. Stickney, Paul Brown, James M. Wahlen
5th Edition
032418638X, 978-0324186383
