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Economic Scenarios Recession Below average Average o Above average Expansion Probability or weight 0.05 0.2 0.5 0.2 0.05 Returns Oc. Recession Average -15% -10% 5%

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Economic Scenarios Recession Below average Average o Above average Expansion Probability or weight 0.05 0.2 0.5 0.2 0.05 Returns Oc. Recession Average -15% -10% 5% 10% 15% 1. According to the table above, which scenario is most likely to happen? Oa. Above Ob. average d. Expansion

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