Question: The correct answer is 0.0084, Can someone show me how to do this (preferably in Excel)? Outcome Probability Return Boom 60% 0.27 Normal 25% 0.18

The correct answer is 0.0084, Can someone show me how to doThe correct answer is 0.0084, Can someone show me how to do this (preferably in Excel)?

Outcome Probability Return Boom 60% 0.27 Normal 25% 0.18 Recession 10% 0.13 Depression 5% 0.05 What is the variance of this asset's returns? Please report your answer as a decimal, rounded to four decimal places. 0.0041 0.0084 margin of error +/-0.001

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