Stuart Company'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.)
Economic ConditionsProb.
Return
Strong30%
32.0%
Normal40%
10.0%
Weak30%
?16.0%
A. 17.69%
B. 18.62%
C. 19.55%
D. 20.52%
E. 21.55%
Answer: B
Business
You might also like to view...
The life expectancy of a particular brand of tire is normally distributed with a mean of 40,000 and a standard deviation of 5,000 miles. What percentage of tires will have a life of 35,000 to 45,000 miles?
A. 31.73% B. 68.27% C. 50% D. 95%
Business
What is nondirect distribution? Describe the various distribution channels.
What will be an ideal response?
Business
The ability of a company to repay its liabilities can be determined from its ________
A) bankers B) creditors C) debt ratio D) journal
Business
Jurisdiction can be a key issue in a case involving a cyber crime.
Answer the following statement true (T) or false (F)
Business