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The following are the percent gains / losses from a pharmaceutical company ( by year ) over the last six years. + 1 6 %

The following are the percent gains/losses from a pharmaceutical company (by year) over the last six years. +16%,-14%,-2%,+1%,+18%,+19% If the overall stock market had a standard deviation of 17% per year over the last six years, test the claim that this stock is more risky than the average stock. [Hint: you will need to compute the standard deviation of the six given gains/losses...then test to see if it is better than the market.]

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