arson Inc manager believes that economic conditions during the next year will be strong, normal, or weak, and she thinks that the firm's returns will e probability distribution shown below. What's the standard deviation of the estimated returns? (Hint: Use the formula for the standard deviation of a pulation, not a sample) Do not round your intermediate calculations. nomic ditions 8 al Prob. 30% 40% 30% Return 25.0% 12.0% -17.0%

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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Author:Carter
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Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Carson Inc.'s manager believes that economic conditions during the next year will be strong, normal, or weak, and she thinks that the firm's returns will have
the probability distribution shown below. What's the standard deviation of the estimated returns? (Hint: Use the formula for the standard deviation of a
population, not a sample.) Do not round your intermediate calculations.
.
●
Economic
Conditions
Strong
Normal
Weak
O966%
Ob 16.73%
O c. 21.51%
d. 11.83%
O 17.56%
Prob.
30%
40%
30%
Return
25.0%
12.0%
-17.0%
Transcribed Image Text:1 B Carson Inc.'s manager believes that economic conditions during the next year will be strong, normal, or weak, and she thinks that the firm's returns will have the probability distribution shown below. What's the standard deviation of the estimated returns? (Hint: Use the formula for the standard deviation of a population, not a sample.) Do not round your intermediate calculations. . ● Economic Conditions Strong Normal Weak O966% Ob 16.73% O c. 21.51% d. 11.83% O 17.56% Prob. 30% 40% 30% Return 25.0% 12.0% -17.0%
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