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Calculate the correlation coefficient (PAB) for the following situation: (Round intermediate calculations and the final answer to 4 decimal place, e.g. 0.2921.) State of the

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Calculate the correlation coefficient (PAB) for the following situation: (Round intermediate calculations and the final answer to 4 decimal place, e.g. 0.2921.) State of the economy High growth Moderate Recession Probability of occurrence 25% 20% 55% Expected return on stock A in this state 45.0% 24.0% - 12.0% Expected return on stock B in this state 62.0% 32.0% -22.0% Correlation coefficient

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