Consider the following information: State of Economy Recession Normal Boom Probability of Portfolio State of Return if State Economy Occurs .21 -15 .46 .33 .11 .37 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)
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Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
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Chapter8: Time Series Analysis And_forecasting
Section: Chapter Questions
Problem 18P: Consider the following time series: Construct a time series plot. What type of pattern exists in...
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Consider the following information:
State of
Economy
Recession
Normal
Boom
Probability of
Portfolio
State of
Return if State
Economy
Occurs
.21
-15
.46
.33
.11
.37
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: State of Economy Recession Normal Boom Probability of Portfolio State of Return if State Economy Occurs .21 -15 .46 .33 .11 .37 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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