Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

You've observed the following returns on Mary Ann Data Corporation's stock over the past five years: 12 percent, 12 percent, 19 percent, 24 percent, and

image text in transcribed

You've observed the following returns on Mary Ann Data Corporation's stock over the past five years: 12 percent, 12 percent, 19 percent, 24 percent, and 10 percent. a. What was the arithmetic average return on Mary Ann's stock over this five-year period? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Average return 1% b-1. What was the variance of Mary Ann's returns over this period (Do not round intermediate calculations and round your answer to 5 decimal places. (e.g., 32.16161)) Variance b- What was the standard deviation of Mary Ann's returns over this period? (Do not 2. round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Standard deviation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Statistics A First Course

Authors: David M. Levine, Kathryn A. Szabat, David F. Stephan

7th Edition

9780321979018

Students also viewed these Finance questions