Standard deviation. Calculate the standard deviation of U.S. Treasury bills, long-term government bonds, and large-company stocks for 1987 to 1996 from Table 8.1. Which had the highest variance? Which had the lowest variance

Year	Three-Month U.S.Treasury Bills	Long-Term Government Bonds	Large Company Stocks	Small Company Stocks
1950	1.20%	-0.96%	32.68%	48.45%
1951	1.49%	-1.95%	23.47%	9.41%
1952	1.66%	1.93%	18.91%	6.36%
1953	1.82%	3.83%	-1.74%	-5.66%
1954	0.86%	4.88%	52.55%	65.13%
1955	1.57%	-1.34%	31.44%	21.84%
1956	2.46%	-5.12%	6.45%	3.82%
1957	3.14%	9.46%	-11.14%	-15.03%
1958	1.54%	-3.71%	43.78%	70.63%
1959	2.95%	-3.55%	12.95%	17.82%
1960	2.66%	13.78%	0.19%	-5.16%
1961	2.13%	0.19%	27.63%	30.48%
1962	2.72%	6.81%	-8.79%	-16.41%
1963	3.12%	-0.49%	22.63%	12.20%
1964	3.54%	4.51%	16.67%	18.75%
1965	3.94%	-0.27%	12.50%	37.67%
1966	4.77%	3.70%	-10.25%	-8.08%
1967	4.24%	-7.41%	24.11%	103.39%
1968	5.24%	-1.20%	11.00%	50.61%
1969	6.59%	-6.52%	-8.33%	-32.27%
1970	6.50%	12.69%	4.10%	-16.54%
1971	4.34%	17.47%	14.17%	18.44%
1972	3.81%	5.55%	19.14%	-0.62%
1973	6.91%	1.40%	-14.75%	-40.54%
1974	7.93%	5.53%	-26.40%	-29.74%
1975	5.80%	8.50%	37.26%	69.54%
1976	5.06%	11.07%	23.98%	54.81%
1977	5.10%	0.90%	-7.26%	22.02%
1978	7.15%	-4.16%	6.50%	22.29%
1979	10.45%	9.02%	18.77%	43.99%
1980	11.57%	13.17%	32.48%	35.34%
1981	14.95%	3.61%	-4.98%	7.79%
1982	10.71%	6.52%	22.09%	27.44%
1983	8.85%	-0.53%	22.37%	34.49%
1984	10.02%	15.29%	6.46%	-14.02%
1985	7.83%	32.68%	32.00%	28.21%
1986	6.18%	23.96%	18.40%	3.40%
1987	5.50%	-2.65%	5.34%	-13.95%
1988	6.44%	8.40%	16.86%	21.72%
1989	8.32%	19.49%	31.34%	8.37%
1990	7.86%	7.13%	-3.20%	-27.08%
1991	5.65%	18.39%	30.66%	50.24%
1992	3.54%	7.79%	7.71%	27.84%
1993	2.97%	15.48%	9.87%	20.30%
1994	3.91%	-7.18%	1.29%	-3.34%
1995	5.58%	31.67%	37.71%	33.21%
1996	5.50%	-0.81%	23.07%	16.50%
1997	5.32%	15.08%	33.17%	22.36%
1998	5.11%	13.52%	28.58%	-2.55%
1999	4.80%	-8.74%	21.04%	21.26%
50-year average	5.226%	5.936%	14.890%	17.103%
Standard Deviation	2.980%	9.493%	16.695%	29.043%

What is the standard deviation of U.S. Treasury bills for 1985 to 1994?

What is the standard deviation of long-term government bonds for 1985 to 1994?

What is the standard deviation of large-company stocks for 1985 to 1994?

Which investment had the highest variance from 1985 to 1994?

Long-term government bond

U.S. Treasury bills

Large-company stocks

Which investment had the lowest variance from 1985 to 1994?

Long dash term government bond

U.S. Treasury bills

Large-company stocks