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Outcome Probability Return Boom 60% 0.27 Normal 25% 0.23 Recession 10% 0.11 Depression 5% 0.04 What is the variance of this asset's returns? Please report
| Outcome | Probability | Return |
| Boom | 60% | 0.27 |
| Normal | 25% | 0.23 |
| Recession | 10% | 0.11 |
| Depression | 5% | 0.04 |
What is the variance of this asset's returns? Please report your answer as a decimal, rounded to four decimal places.
Correct Answer
0.0091
I want to know the reason(solution)
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