Question: Calculate the correlation coefficient (PAB) for the following situation: (Round intermediate calculations and the final answer to 4 decimal place, e.g. 0.2921.) State of the

 Calculate the correlation coefficient (PAB) for the following situation: (Round intermediate

Calculate the correlation coefficient (PAB) for the following situation: (Round intermediate calculations and the final answer to 4 decimal place, e.g. 0.2921.) State of the economy Probability of Occurrence Expected return on stock A in this state Expected return on stock Bin this state 55.0% High growth 25% 38.0% Moderate 20% 17.0% 25.0% Recession 55% -5.096 15.0% Correlation coefficient 0.99

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