Following are three economic states, their likelihoods, and the potential returns: ...
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Accounting
Following are three economic states, their likelihoods, and the potential returns:
| Economic State | Probability | Return | |||
| Fast growth | 0.31 | 28 | % | ||
| Slow growth | 0.53 | 3 | |||
| Recession | 0.16 | 31 | |||
| Determine the standard deviation of the expected return. (Do not round intermediate calculations and round your answer to 2 decimal places.) |
| Standard deviation | % |
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