2.37 Portfolio return: A portfolio's value increases by 20% during a financial boom and by 4% during normal times. It decreases by 14% during a recession. What is the expected return on this portfolio if each scenario is equally likely? % (round to the nearest whole percent)

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.