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Following are four economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.30 64 % Slow growth 0.48 13 Recession
Following are four economic states, their likelihoods, and the potential returns:
Economic State | Probability | Return | |||
Fast growth | 0.30 | 64 | % | ||
Slow growth | 0.48 | 13 | |||
Recession | 0.16 | 24 | |||
Depression | 0.06 | 57 | |||
Compute the expected return and standard deviation. (Do not round intermediate calculations and round your answers to 2 decimal places.) |
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