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Democratic strategists are predicting (well, praying for) a good economy in 2024 . They are looking at the following probabilities: 50% chance that there will

image text in transcribed Democratic strategists are predicting (well, praying for) a good economy in 2024 . They are looking at the following probabilities: 50% chance that there will be a boom, 40% chance that the economy will be flat or neutral and only a 10% chance of a recession. The expected returns on Ruppel Intl. shares are 15% in the event of a boom, 10% if the economv's flat and 20% in a recession. What's the standard deviation of these returns

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