Question: Compute the expected return given these three economic states, their likelihoods, and the potential returns: Note: Round your answer to 2 decimal places. Economic State
Compute the expected return given these three economic states, their likelihoods, and the potential returns:
Note: Round your answer to 2 decimal places.
| Economic State | Probability | Return |
|---|---|---|
| Fast growth | 0.23 | 62% |
| Slow growth | 0.32 | 36 |
| Recession | 0.45 | 30 |
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