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The return on shares of the Orange Company are predicted under the following states of nature. The states of nature are all equally likely, and
The return on shares of the Orange Company are predicted under the following states of nature. The states of nature are all equally likely, and because there are a total of three states, each state has a chance of occurring.
Recession
Normal
Boom
What is the standard deviation of Orange?
Place your answer in decimal form, for example as say and not
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