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Problem 1 - 6 Calculating Variability ( LO 4 , CFA 4 ) The rates of return on Cherry Jalopies, Incorporated, stock over the last

Problem 1-6 Calculating Variability (LO4, CFA4)
The rates of return on Cherry Jalopies, Incorporated, stock over the last five years were 17 percent, 11 percent, -1 percent, 7 percent, and 10 percent. Over the same period, the rturns on Straw Construction Company's stock were 16 percent, 22 percent, -1 percent, 5 percent, and 12 percent.
Calculate the variances and the standard deviations for Cherry and Straw.
Note: Do not round intermediate calculations. Enter your variance as a decimal rounded to 5 decimal places. Enter your standard deviation as a percent rounded to 2 decimal places.
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