Consider the following information: Probability of State of Rate of Return If State of Economy State Occurs Economy 20 .45 Recession - 14 .10 36 Normal Boom 35 Calculate the expected return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return %

Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter8: Time Series Analysis And_forecasting
Section: Chapter Questions
Problem 22P: Consider the following time series: a. Construct a time series plot. What type of pattern exists in...
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Q222

Consider the following information:
Probability of
State of
State of
Rate of Return If
Economy
State Occurs
Economy
Recession
20
- 14
Normal
.45
10
Вoom
35
36
Calculate the expected return. (Do not round intermediate calculations and enter your
answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Expected return
%
Transcribed Image Text:Consider the following information: Probability of State of State of Rate of Return If Economy State Occurs Economy Recession 20 - 14 Normal .45 10 Вoom 35 36 Calculate the expected return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return %
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