The probability distribution for the rate of return on an investment is
Rate of Return(In Percent)
Probability
9.5
.1
9.8
.2
10.0
.3
10.2
.3
10.6
.1
?
a.What is the probability that the rate of return will be at least 10%?b.What is the expected rate of return?c.What is the variance of the rate of return?
What will be an ideal response?
| a. | 0.7 |
| b. | 10.03 |
| c. | 0.0801 |
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