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Following are three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.24 30 % Slow growth 0.36 7 Recession
Following are three economic states, their likelihoods, and the potential returns:
Economic State | Probability | Return | |||
Fast growth | 0.24 | 30 | % | ||
Slow growth | 0.36 | 7 | |||
Recession | 0.40 | 19 | |||
Determine the standard deviation of the expected return. (Do not round intermediate calculations and round your answer to 2 decimal places.)
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