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Using the table below, compute the standard deviation of the returns. State...

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Accounting

Using the table below, compute the standard deviation of the returns.

State of the Economy Probability(%) Projected Return (%)
Recession 8 -6.79
Moderate 18 2.67
Average 47 9.55
Good 16 13.26
Outstanding 11 22.49

The standard deviation is ......... (Round to two decimal places.)

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