Question: no excel please, need to know this by hand, thank you! Market Conditio Probabil ity Asset 1 Asset 2 Asset 3 Rainfall Probabil ity Asset

 no excel please, need to know this by hand, thank you!
no excel please, need to know this by hand, thank you!

Market Conditio Probabil ity Asset 1 Asset 2 Asset 3 Rainfall Probabil ity Asset 4 n Good 1/4 16 4 20 Plentiful 1/3 16 Average 1/2 12 6 14 Average 1/3 12 Bad 1/4 00 00 00 Light 1/3 CO 8 The returns of Assets 1, 2, and 3 depend on the market condition only. The return of Asset 4 depends on rainfall only. Assume that there is no relation between the market condition and rainfall. What's the correlation between Asset 3 and 4? Ao B 0.5 1 D) -1

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