Question: Compute the expected return given these three economic states, their likelihoods, and the potential returns: Round your answer to 1 decimal places.) Economic State-----------Probability-----------Return Fast
Compute the expected return given these three economic states, their likelihoods, and the potential returns: Round your answer to 1 decimal places.)
Economic State-----------Probability-----------Return
Fast growth------------------0.3---------------------40%
Slow growth------------------0.4----------------------10
Recession--------------------0.3------------------- -25 (negative 25)
Expected return%?
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