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Judys Micro Devices Corp. has the following expectations for its return on equity in different economic situations. Based on the probabilities provided, what are the
Judys Micro Devices Corp. has the following expectations for its return on equity in different economic situations. Based on the probabilities provided, what are the mean AND standard deviation for Judys return on equity?
Economy Prob ROE
Boom .20 20%
Normal .60 10%
Bust .20 0%
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