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The probability of a boom economy is 2 0 % , the probability of a stable growth economy is 3 0 % , the probability
The probability of a boom economy is the probability of a stable growth economy is the probability of a stagnant economy is and the probability of a recession is The following returns are expected:
Boom: Stable Growth:
Stagnant Economy: Recession:
What is the standard deviation of the following outcomes if the expected mean return is
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