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. (Use the following data to answer the next question.) State of Economy Probability of State of Economy Rate of Return if State Occurs Depression
. (Use the following data to answer the next question.)
State of Economy | Probability of State of Economy | Rate of Return if State Occurs |
Depression | .11 | .300 |
Recession | .24 | .058 |
Normal | .45 | .129 |
Boom | .20 | .210 |
Calculate the variance and standard deviation. |
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