What is the coefficient of variation on the company's stock?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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You were analyzing a stock and came up with the following probability distribution of the stock returns.  What is the coefficient of variation on the company's stock?

Round your answer to two decimal places. For example, if your answer is $345.6671 round as 345.67 and if your answer is .05718 or 5.7182% round as 5.72.

 
State of the Economy
Probability of State Occurring
Stock's Expected Return
Boom
40.00%
22.80%
Normal
46.00%
13.75%
Recession
14.00%
9.35%
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