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Suppose your expectations regarding the stock market are as follows: State of the Economy Probability HPR Boom 0 . 2 3 4 % Normal growth
Suppose your expectations regarding the stock market are as follows:
State of the Economy Probability HPR
Boom
Normal growth
Recession
Ersspsrs
Varrsigma sspsrsEr
SDrsigma Varr
Required:
Use above equations to compute the mean and standard deviation of the HPR on stocks. Do not round intermediate calculations. Round your answers to decimal places.
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