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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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