Following are three economic states, their likelihoods, and the potential returns:   Economic State Probability   Return   Fast growth 0.24   33 %   Slow growth 0.52   7     Recession 0.24   –40       Determine the standard deviation of the expected return. (Do not round intermediate calculations and round your answer to 2 decimal places.)

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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Following are three economic states, their likelihoods, and the potential returns:
 

Economic State Probability   Return  
Fast growth 0.24   33 %  
Slow growth 0.52   7    
Recession 0.24   –40    
 


Determine the standard deviation of the expected return. (Do not round intermediate calculations and round your answer to 2 decimal places.)

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