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Problem 1-6 Calculating Variability (LO4, CFA2) The rates of return on Cherry Jalopies, Inc., stock over the last five years were 22 percent, 11 percent

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Problem 1-6 Calculating Variability (LO4, CFA2) The rates of return on Cherry Jalopies, Inc., stock over the last five years were 22 percent, 11 percent -4 percent. 6 percent, and 9 percent Over the same period, the returns on Straw Construction Company's stock were 16 percent. 23 percent. -1 percent, 1 percent and 17 percent Calculate the variances and the standard deviations for Cherry and Straw. (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.) Cherry Variance Standard deviation

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