Calculating the variance and standard deviation: Ben would like to invest in gold and is aware that
QUESTION
Calculating the variance and standard deviation: Ben would like to invest in gold and is aware that the returns on such an investment can be quite volatile. Use the following table of states, probabilities, and returns to determine the expected return and the standard deviation of the return on Ben”s gold investment.
Probability
Return
Boom
0.1
ANSWER:
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