I have attached the pictures because the problem will not copy and paste.

Consider the following table for an eight-year period: Year T-bill retum Ination 1 7.34% 8.66% 2 8.29 12.29 3 5.92 6.89 4 5.32 4.91 5 5.50 6.65 6 7.89 8.97 7 10.61 13.24 8 12.35 12.47 [ Calculate the average return for Treasury bills and the average annual ination rate (consumer price index) for this period. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Average return for Treasury bills ' % Average annual ination rate "lo Calculate the standard deviation of Treasury bill returns and ination over this time period. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Standard deviation of Treasury bills i % Standard deviation of ination % Calculate the real return for each year. (A negative answer should be Indicated by a minus sign. Leave no cells blank - be certaln to enter "0" wherever required. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, 9.9., 32.16.) Year Real retum 1 E% 2 % 3 % 4 % 5 % 6 % 7 % 8 % ' What is the average real return for Treasury bills? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Average real return for Treasury bills :| %