Question: For the following economic state probability distribution: A B C 1 Probability Return 2 Fast growth 0.08 42 % 3 Slow growth 0.53 16 %
For the following economic state probability distribution: A B C 1 Probability Return 2 Fast growth 0.08 42 % 3 Slow growth 0.53 16 % 4 No growth 0.14 6 % 5 Recession 0.16 16 % 6 Depression 0.09 32 % Determine the expected return and the standard deviation of the expected return. Note: Do not round your intermediate calculations. Round your answers to 2 decimal
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