Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Following are three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.30 46 % Slow growth 0.33 8 Recession
Following are three economic states, their likelihoods, and the potential returns: |
Economic State | Probability | Return | |||
Fast growth | 0.30 | 46 | % | ||
Slow growth | 0.33 | 8 | |||
Recession | 0.37 | 41 | |||
Determine the standard deviation of the expected return. (Round your answer to 2 decimal places.) |
standard deviation??
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started