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Following are four economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.29 60 % Slow growth 0.57 17 Recession
Following are four economic states, their likelihoods, and the potential returns: |
Economic State | Probability | Return | |||
Fast growth | 0.29 | 60 | % | ||
Slow growth | 0.57 | 17 | |||
Recession | 0.05 | 23 | |||
Depression | 0.09 | 55 | |||
Compute the expected return and standard deviation. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
Expected return | % | |
Standard deviation | % | |
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