Question: Complete on an EXCEL spreadsheet - show steps/formulas inputted into Excel What is the variance of the following returns? State Probability Return Boom .20 .75

Complete on an EXCEL spreadsheet - show steps/formulas inputted into Excel

What is the variance of the following returns?

State Probability Return
Boom .20 .75
Good .55 .25
Recession .15 -.10
Depression .10 -.50

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