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Compute the expected return given these three economic states, their likelihoods, and the potential returns: (Round your answer to 2 decimal places.) Economic State Probability
Compute the expected return given these three economic states, their likelihoods, and the potential returns: (Round your answer to 2 decimal places.)
Economic State | Probability | Return | |||
Fast growth | 0.26 | 36 | % | ||
Slow growth | 0.29 | 12 | |||
Recession | 0.45 | 20 | |||
Expected return |
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