Problem 1 (20 points): Carson Inc.'s manager believes that economic conditions during the next year...

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Problem 1 (20 points): 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? Economic Conditions Prob Strong Normal 40% Weak Return 32.0% 10.0% 30% 30% -16.0%

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