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Calculating Returns and VariabilityUsing the following returns, calculate the average returns, the variances, and the standard deviations for X and Y : Returns Year X

Calculating Returns and VariabilityUsing the following returns, calculate the average returns, the variances, and the standard deviations forXandY:

Returns

Year X Y

1 9% 12%

2 21 27

3 -27 -32

4 15 14

5 23 36

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