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There is a probability of 0.48 that there will be extremely cold weather this coming Winter. If it does, we expect investors of Star &

There is a probability of 0.48 that there will be extremely cold weather this coming Winter. If it does, we expect investors of Star & Bucks to achieve a return of 0.18. Else, investors may expect a lower return of 0.06. Can you estimate the expected return for investors of Star & Bucks? Type your answer as decimal (i.e. 0.052 and not 5.2%). Round your answer to the nearest four decimals if needed. 0.1176 Question 2 0.33 pts There is a probability of 0.47 that there will be extremely cold weather this coming Winter. If it does, we expect investors of Star & Bucks to achieve a return of 0.19. Else, investors may expect a lower return of 0.08. Can you estimate the variance of this rate of return? Type your answer as decimal (i.e. 0.052 and not 5.2%). Round your answer to the nearest four decimals if needed.
Please let me know if the first is correct. and help answer the second question (explain how pls). image text in transcribed
There is a probability of 0.48 that there will be extremely cold weather this coming Winter. If it does, we expect investors of Star \& Bucks to achieve a return of 0.18. Else, investors may expect a lower return of 0.06 . Can you estimate the expected return for investors of Star \& Bucks? Type your answer as decimal (i.e. 0.052 and not 5.2\%). Round your answer to the nearest four decimals if needed. Question 2 0.33pts There is a probability of 0.47 that there will be extremely cold weather this coming Winter. If it does, we expect investors of Star \& Bucks to achieve a return of 0.19. Else, investors may expect a lower return of 0.08 . Can you estimate the variance of this rate of return? Type your answer as decimal (i.e. 0.052 and not 5.2\%). Round your answer to the nearest four decimals if needed

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