Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate the Variance of this stock Year 1: 23 Year 2: 44 Year 3: -10 Year 4: -24 Year 5: 52 Please tell me what

Calculate the Variance of this stock

Year 1: 23

Year 2: 44

Year 3: -10

Year 4: -24

Year 5: 52

Please tell me what I am doing wrong. I found the average of these numbers first, which is 17. I then subtracted 17 from each years point of return. I then squared all these numbers and took the average of them, which ended up being 880, however that is very incorrect and I know the answer is supposed to be .110000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Healthcare Finance Modern Financial Analysis For Accelerating Biomedical Innovation

Authors: Andrew W. Lo, Shomesh E. Chaudhuri

1st Edition

0691183821, 978-0691183824

More Books

Students also viewed these Finance questions