Question: Go to the linked spreadsheet and click on the Expected Return Tag Me tab. You have 4 Possible State outcomes. You are given the probability

Go to the linked spreadsheet and click on the Expected Return Tag Me tab. You have 4 Possible State outcomes. You are given the probability and return in both state 1 and 2. State 3 and 4 probability and returns are provided below. Use this information to compute the Expected Return for Tag Me.

  • State 3 has a probability of 40% with a return of 15.00%
  • State 4 has a probability of 20% with a return of 21.50%

Respond in percentage form without the percent sign and round to the second decimal place. Thus, 26.789% would be written as 26.79

states Probability of return in a
Outcome a given state given state
1 10% -16.00%
2 30% 8.30%
3 40% 15.00%
4 20% 21.50%

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