Question
Following are three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.26 35 % Slow growth 0.39 7 Recession
Following are three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.26 35 % Slow growth 0.39 7 Recession 0.35 20 Determine the standard deviation of the expected return. (Round your answer to 2 decimal places.)
Standard deviation %
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
2nd Edition
0073530638, 9780073530635
