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Tommie has made an investment that will generate returns that are subject to the state of the economy during the year. Use the following information
Tommie has made an investment that will generate returns that are subject to the state of the economy during the year. Use the following information to calculate the standard deviation of the return distribution for Tommie's investment
State | Return | Probability |
Weak | 0.13 | 0.3 |
OK | 0.2 | 0.4 |
Great | 0.25 | 0.3 |
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