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Refer to Table 1 2 . 1 and look at the period from 1 9 7 3 through 1 9 8 0 . a .

Refer to Table 12.1 and look at the period from 1973 through 1980.
a. Calculate the average return for Treasury bills and the average annual inflation rate for this period. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.)
b. Calculate the standard deviation of Treasury bill returns and inflation over this period. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.)
c. What was the average real return for Treasury bills over this period? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent round
\table[[1945,36.44,10.73,.33,2.25],[1946,-8.07,-10,35,18.16],[1947,5.71,-2.62,.50,9.01],[1948,5.50,3.40,81,2.71],[1949,18.79,6.45,1.10,-1.80],[1950,31.71,06,1.20,5.79],[1951,24.02,-3.93,1.49,5.87],[1952,18.37,1.16,1.66,.88],[1953,-99,3.64,1.82,62],[1954,52.62,7.19,86,-.50],[1955,31.56,-1.29,1.57,.37],[1956,6.56,-5.59,2.46,2.86],[1957,-10.78,7.46,3.14,3.02],[1958,43.36,-6.09,1.54,1.76],[1959,11.96,-2.26,2.95,1.50],[1960,47,13.78,2.66,1.48],[1961,26.89,97,2.13,67],[1962,-8.73,6.89,2.73,1.22],[1963,22.80,1.21,3.12,1.65],[1964,16.48,3.51,3.54,1.19],[1965,12.45,.71,3.93,1.92],[1966,-10.06,3.65,4.76,3.35],[1967,23.98,(18-9),4.21,3.04],[1968,11.06,-26,5.21,4.72],[1969,-8.50,-5.07,6.58,6.11],[1970,3.86,12.11,6.52,5.49],[1971,14.30,13.23,4.39,3.36],[1972,19.00,5.69,3.84,3,41],[1973,-14.69,-1.11,6.93,8.80],[1974,-26.47,4.35,8.00,12.20],[1975,37.23,9.20,5.80,7.01],[1976,23.93,16.75,5.08,4.81],[1977,-7.16,-69,5.12,6.77],[1978,6.57,-1.18,7.18,9.03],[1979,18.61,-1.23,10,38,13.31]]
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\table[[(1ii),,G,\table[[134],[His]],18181,],[,,,3.553.5,,],[+,w.".,,-s.t.,0.21,1...],[m,,,,5.21,],[,,,,,L.N1],[ling,,,,,],[,,,-1.14,...,,..],[,,,,1,12.212.2ed to 2 decimal places, e.g.,32.16.)

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