Question: and click on the Expected Return - Tag Me tab. You have 4 Possible State outcomes. You are given the probability and return in both

and click on the "Expected Return - Tag Me" tab. You have 4 Possible State outcomes. You are given the probability and return in both state 1 and 2. State 3 and 4 probability and returns are provided below. Use this information to compute the Expected Return for Tag Me. - State 3 has a probability of 40% with a return of 15.00% - State 4 has a probability of 20% with a return of 21.50% Respond in percentage form without the percent sign and round to the second decimal place. Thus, 26.789% would be written as 26.79 \begin{tabular}{crr} \hline states & Probability of & \multicolumn{1}{c}{ return in a } \\ \hline Outcome & a given state & given state \\ \hline 1 & 10% & 16.00% \\ 2 & 30% & 8.30% \\ \hline 3 & & \\ \hline 4 & & \\ \hline \end{tabular}
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
