Compute the expected return given these three economic states, their likelihoods, and the potential returns: (Round your answer to 1 decimal place.) Economic State Probability Return Fast growth 0.3 40 % Slow growth 0.4 10 Recession 0.3 –25
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Compute the expected return given these three economic states, their likelihoods, and the potential returns: (Round your answer to 1 decimal place.)
| Economic State | Probability | Return | |||
| Fast growth | 0.3 | 40 | % | ||
| Slow growth | 0.4 | 10 | |||
| Recession | 0.3 | –25 | |||
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